TAIPEI: The national treasury collected NT$445.4 billion (US$14.26 billion) in tax revenue last month, an increase of 17.4 percent from a year earlier, as companies and individuals made more money and paid more taxes, the Ministry of Finance said here the other day.
Personal income tax revenue jumped by 34.2 percent to NT$180.5 billion last month, while business income tax rose 11.5 percent to NT$195.6 billion, the ministry said in a report published on its Web site.
Both companies and individuals paid more income taxes, some of which were recorded last month, the ministry said.
However, the decline in business tax revenue widened by 23.4 percent, or NT$7.9 billion, last month, from NT$6.4 billion a year earlier, dragged down by cheaper oil prices, the report said.
As a result, commodity tax revenue dropped by 0.5 percent to NT$15 billion, although oil product and car tax revenue remained unchanged at NT$7.3 billion and NT$6.2 billion respectively, the report said.
Securities transaction tax revenue dropped by 11 percent to NT$7.5 billion, as daily trading volume on the local bourse shrank by 18.24 percent to NT$108 billion from NT$132.1 billion, the report said.
Property transaction tax revenue totaled NT$8 billion last month, down by 7.2 percent year-on-year, as 55,729 property transfers were effected last month, a decline of 8.9 percent from a year earlier, the report said.
For the first half of the year, the treasury raked in NT$1.19 trillion in tax revenue, up by 9.8 percent year-on-year and 12.8 percent higher than the target, the report said.
