Tax revenue drops 9.7% as individual income tax fallsBy Crystal Hsu / Staff reporterTaiwan’s tax revenue last month totaled NT$92.2 billion (US$2.9 billion), down 9.7 percent from a year earlier, largely due to a drop in individual income tax collections associated with the timing of the Lunar New Year holiday, the Ministry of Finance said yesterday. Individual income tax revenue fell 22.9 percent year-on-year and commodity tax revenue plunged 36.4 percent, as the Lunar New Year holiday fell in mid-February this year, postponing withholding taxes on year-end bonuses to later periods, the ministry’s statistician Liu Shun-rong (劉訓蓉) said. Photo: CNAIn contrast, securities transaction tax revenue continued to exhibit strong growth, reflecting heightened activity in the local stock market. Last month, securities transaction tax revenue reached NT$26.3 billion, up 41.2 percent from a year earlier and marking the seventh consecutive month of annual gains. “Despite February having seven fewer trading days than the previous year, exceptionally high daily volumes pushed securities transaction tax revenue to a monthly record,” Liu said.

Source: Taipei Times March 11, 2026 17:11 UTC