TAIPEI: Ministry of Finance released a report that tax revenue of February fell 16.3 percent year-on-year to NT$57.1 billion. Revenue remained lower in securities transactions, sales and land taxes.
According to Finance Ministry the annual decrease is due partly to fewer working days, as Chinese New Year fell this year in mid-February.
Statistics Department Deputy Director Hsu Ray-lin stated in a press conference that , local market was open for 13 days this month, down from 17 days in the same month last year.
Revenue in securities transaction tax declined year-on-year by NT$1.5 billion to NT$3.8 billion, a decline of 28.5 percent. February revenue from business tax declined NT$6.1 billion year-on-year to NT$157 billion on the slipping price of international crude oil. Finance minister said ,Due decreased crude costs have resulted in less revenue as related products cross the border.
Land tax revenue in February fell by NT$1.3 billion to NT$6.6 billion — a 16.9 percent decrease as tax offices received 5,895 fewer land tax filings due to fewer working days.
