Tax revenue falls short of target for 1st time in 5 yearsBy Crystal Hsu / Staff reporterTaiwan’s tax revenue last year fell short of the government’s full-year budget target for the first time in five years, as sluggish property and auto transactions dragged on collections despite record inflows from equity trading and income taxes, the Ministry of Finance said yesterday. The category achieved just 79 percent of its budget target, one of the weakest performances among major revenue items, Liu said. Individual income tax revenue climbed to NT$867.8 billion, up 4.7 percent from 2024, supported by higher wage withholding and increased dividend distributions, the ministry said. Securities transaction tax revenue surged to a record NT$292.8 billion, rising 1.6 percent from a year earlier, it said. Inheritance and gift tax revenue also far exceeded expectations last year, with execution rates of 177 percent and 145 percent respectively, reflecting large-value cases and accelerated wealth transfers.
