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Tax revenue up 22% on personal, corporate taxes

The nation’s tax revenue last month jumped 22 percent year-on-year to NT$692.3 billion (US$23.08 billion), due to substantial gains in revenue generated from corporate and personal income taxes which more than offset retreats in revenue received from commodity tax, as well as stock and property transaction taxes, the Ministry of Finance said yesterday.
Corporate income tax revenue spiked 36.6 percent annually to NT$315 billion, as major Taiwanese companies reported an increase in earnings, the ministry said.
Similarly, personal income tax revenue soared 37.6 percent to NT$214.7 billion, thanks to wage increases, the distribution of cash dividends by local listed firms and capital ....

T Ai Pei , Clare Cheng , Chen Yu Feng , Department Of Statistics Deputy , Taipei Times , Crystal Hsu , Statistics Deputy Director General Chen Yu Feng , The Taipei Times ,

More workers hired in industrial, service sectors

The number of workers hired by the industrial and service sectors grew slightly in June as the number of COVID-19 cases fell, but year-to-date take-home pay remained in negative territory after inflation, the Directorate-General of Budget, Accounting and Statistics (DGBAS) said yesterday.
Average take-home pay rose 4.03 percent from a year earlier to NT$44,324 per month, while total wages including overtime compensation, commission and bonuses increased 3.59 percent to NT$53,068, data from the statistics agency showed.
The pace at which the average monthly wage has grown has exceeded 2 percent for nine straight months, reflecting improving corporate profitability, DGBAS Census ....

T Ai Pei , Clare Cheng , Chen Hui Hsin , Statistics Census Department Deputy , Census Department Deputy , Taipei Times , Crystal Hsu , Department Deputy Director Chen Hui Hsin , The Taipei Times ,