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Tax revenue soars on strong economy

The 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. The gains were due to companies and individuals filing income taxes before a moratorium amid a COVID-19 outbreak was introduced last month, Department of Statistics Deputy Director-General Chen Yu-feng (陳玉豐) told an online news conference

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