Corporate income, securities drive tax revenue expansion
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《TAIPEI TIMES》 Corporate income, securities drive tax revenue expansion - 焦點
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The national treasury last month collected NT$293.2 billion (US$10.58 billion) in tax revenue, an increase of 28.5 percent from a year earlier, as all tax categories posted strong gains on the back of economic improvement, the Ministry of Finance said yesterday.
Corporate income tax revenue soared 52.3 percent to NT$21.6 billion, while personal income tax revenue increased 17.8 percent to NT$29.4 billion, the ministry’s monthly report showed.
The gains were due to companies and individuals filing income taxes before a moratorium amid a COVID-19 outbreak was introduced last month, Department of Statistics Deputy Director-General Chen Yu-feng (陳玉豐) told an online news conference
Tax revenue soars on securities, property sales
BEATING FORECAST: Tax revenue in the first four months increased 15.5 percent annually to NT$599.9 billion and covered 24.6 percent of the government budget
By Crystal Hsu / Staff reporter
The national treasury last month collected NT$132.7 billion (US$4.75 billion) in tax revenue, an increase of 11.4 percent from a year earlier, bolstered mainly by sharp increases in securities and property transactions, the Ministry of Finance said yesterday.
Securities transactions generated a record NT$24.4 billion in tax revenue, rising 1.6 times from a year earlier, as daily turnover on the Taiwan Stock Exchange and the Taipei Exchange expanded almost threefold to a new high of NT$526.9 billion, Department of Statistics Deputy Director-General Chen Yu-feng (陳玉豐) told a news conference in Taipei.