‘BENEFITTING WORKERS’: The basic living expense tax deduction update followed a minimum wage increase, the seventh annual wage hike in a rowBy Lee Hsin-fang and Kayleigh Madjar / Staff reporter, with staff writer
Taipei, July 21 (CNA) A fraud ring that had defrauded people of at least NT$150 million (US$5.01 million) after duping them into selling niches they had purchased at columbariums has been busted with 15 suspects arrested by the National Police Agency's Criminal Investigation Bureau.
Taipei, July 14 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, paid NT$55 billion (US$1.84 billion) in corporation tax in 2021, retaining its title as Taiwan's biggest contributor, according to figures compiled by the Ministry of Finance (MOF).
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest contract chipmaker, paid NT$55 billion (US$1.84 billion) in corporate income tax last year, retaining its title as Taiwan’s biggest contributor, data compiled by the Ministry of Finance showed.
TSMC was the only company in Taiwan to pay more than NT$50 billion in corporation income tax last year, after the chipmaker posted a record profit of NT$596.54 billion, up more than 15 percent from 2020.
Chinese-language media reported that the chipmaker accounted for about 8.4 percent of the NT$652.4 billion in total corporate income tax revenue collected by the ministry last year, a 10
The nation’s tax revenue last month reached NT$491.4 billion (US$16.44 billion), spiking 43.2 percent from a year earlier on the back of hefty corporate and personal income tax gains, the Ministry of Finance said yesterday.
Corporate income tax revenue surged 77.7 percent year-on-year to NT$361.5 billion, as major Taiwanese companies posted record-high earnings last year and filed income taxes last month after policymakers granted a one-month moratorium to accommodate potential delays caused by a local COVID-19 outbreak, the ministry said.
Corporate income tax revenue in the first six months of this year climbed to a record NT$1.4 trillion, the ministry said.
Personal income