By Crystal Hsu / Staff reporterThe Ministry of Finance yesterday said it collected NT$210 billion (US$6.88 billion) in tax revenue for last month, a 1.7 percent increase from last year, driven by revenue from securities transactions. Tax revenue from securities transactions increased 29.8 percent to NT$8.9 billion last month, as average daily market turnover increased 19.89 percent to NT$154.9 billion, the ministry said. In the first 11 months of the year, tax revenue from securities transactions totaled NT$82.2 billion, down 12.3 percent from a year earlier, ministry data showed. Business tax revenue increased NT$2.7 billion, while tax revenue from land value gains rose NT$1.6 billion, Department of Statistics Deputy Director-General Chen Yu-feng (陳玉豐) said. The government collected NT$2.33 trillion in tax revenue in the first 11 months, ahead of its budget target for this year by 3.4 percent, Chen said.

Source: Taipei Times December 11, 2019 15:56 UTC