Income taxes drive gains in November tax revenueBy Crystal Hsu / Staff reporterThe government last month collected NT$253.6 billion (US$8.28 billion) in tax revenue, rising 0.4 percent from a year earlier on the back of corporate and personal income tax, as well as inheritance tax gains, the Ministry of Finance said yesterday. Corporate income tax revenue spiked 70.3 percent to NT$7.8 billion, while personal income tax revenue grew 2.6 percent to NT$22.9 billion, the ministry told a news conference in Taipei. Ministry of Finance Department of Statistics Deputy Director-General Chen Yu-feng, right, attends a news conference in Taipei yesterday. In addition, inheritance tax revenue swelled 60.8 percent to NT$4.1 billion, while revenue from business taxes picked up 4.5 percent to NT$97.8 billion, she said. Full-year excess tax revenue might be more than NT$450 billion, Chen said, adding that corporate, personal, inheritance, business and house tax revenues have already set full-year records.

Source: Taipei Times December 09, 2022 19:04 UTC