The Cabinet says it will work with President Ma Ying-jeou to promote the counter-terrorism efforts.
According to the government, the prevention of terror attacks involves defense and foreign affairs issues, which all fall within the president's powers.
Officials have said counter-terrorism measures already taken by the government include heightened security at airport and the preparing of emergency response plans for venues that are vulnerable to possible attacks.
The moves comes amid concern Taiwan could become a target for an attack by the Islamic State after the R-O-C national flag appeared in a recent propaganda video for the extremist group.