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Tax revenue jumps 20% - Taipei Times

The national treasury last month collected NT$567.3 billion (US$20.37 billion) in tax revenue, a 20.1 percent increase from a year earlier, setting new records in corporate income, securities transaction and business tax revenues, the Ministry of Finance said yesterday. Corporate income tax revenue soared 77.7 percent to NT$230.6 billion, as export-focused companies benefited from an improving global economy and emerged unscathed from Taiwan’s domestic COVID-19 outbreak, which began in May, Department of Statistics Deputy Director-General Chen Yu-feng (陳玉豐) told an online news conference in Taipei. Taiwan is home to the world’s largest makers of semiconductors, camera lenses, flat panels and other electronic

IT service sector revenue expands 11%

By Angelica Oung Staff reporter Revenue in the computer and information technology (IT) services sector rose 11 percent year-on-year to NT$105.7 billion (US$3.8 billion) in the second quarter of this year, the highest second-quarter figure on record, on the back of work-from-home demand, the Ministry of Economic Affairs said on Tuesday. The increase was mostly driven by strong sales in the computer programming industry, which jumped 9.7 percent annually to a record NT$78.9 billion, as remote work arrangements required firms to deploy network storage servers and boosted demand for information security and network architecture products, the ministry said in a report. Department of

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