The treasury took in NT$170.9 billion (US$5.14 billion) in tax revenues last month, a 19.8 percent drop from last year, the Ministry of Finance said yesterday.
Among major tax revenue categories, the biggest drop was recorded in income tax revenues, which slid NT$45.3 billion, or 36.5 percent, to NT$78.6 billion from a year ago as the deadline for tax collection this year was delayed to Oct. 2, said Lee Li-shu (李麗雪), director general of the ministry's statistics department.
Revenues from the securities transaction tax rose by 24.3 percent to NT$6 billion last month, while those from land value incremental taxes increased 24.6 percent to NT$6.2 billion, according to the ministry's tallies.
For the first nine months of the year, tax revenues reached NT$1.25
trillion, down 1.5 percent from the same period last year, the ministry
said. The figure accounted for 85 percent of the target set for the whole
year, Lee said.
Tax revenues this year are expected to surpass the government's target by
between NT$70 billion and NT$80 billion, or around 5 percent, she added.
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