Tax revenue soars on strong economyLOOKING AHEAD: Many local firms posted profit growth this year on the back of strong demand and the expectation that the COVID-19 pandemic would abate worldwideBy Crystal Hsu / Staff reporterThe 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. Business tax revenue increased 19 percent to NT$85.5 billion, while sales tax revenue jumped 36 percent to NT$17 billion, the ministry said. Securities transaction tax revenue grew more than twofold to NT$29.4 billion as daily turnover spiked to a record NT$578.1 billion, Chen said. Land increment tax revenue increased 25.3 percent to NT$10.9 billion, as the number of taxable cases rose 32.3 percent to 64,525, Chen said.

Source: Taipei Times June 10, 2021 15:56 UTC