The national treasury last month collected NT$567.3 billion (US$20.37 billion) in tax revenue, a 20.1 percent increase from a year earlier, setting new records in corporate income, securities transaction and business tax revenues, the Ministry of Finance said yesterday.
Corporate income tax revenue soared 77.7 percent to NT$230.6 billion, as export-focused companies benefited from an improving global economy and emerged unscathed from Taiwan’s domestic COVID-19 outbreak, which began in May, Department of Statistics Deputy Director-General Chen Yu-feng (陳玉豐) told an online news conference in Taipei.
Taiwan is home to the world’s largest makers of semiconductors, camera lenses, flat panels and other electronic
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