Tax revenues last year totaled NT$1.6 trillion (US$48.8 million), exceeding the government's target by NT$124.9 billion, or 8.5 percent, the Ministry of Finance said yesterday.
Despite the achievement, tax income last year only increased 1.8 percent from 2005, said Lee Li-shu (李麗雪), director of the ministry's statistics department.
Among the various categories, personal income tax revenues last year rose 12.8 percent year-on-year to NT$334.3 billion as a result of higher interest rates offered by state-run banks, a slew of new provisions to reduce tax evasions, an average increase of 160,000 people per annum entering the job market and an average salary increase of NT$1,100 a month per employee, she said.
Securities transaction tax income jumped 31.9 percent from a year ago to NT$89.9 billion, marking the highest revenue figure in this category since 2001.
Gift tax revenues dropped 18.7 percent, futures transaction tax income shrank 35.8 percent and land value incremental tax intake decreased 6.3 percent, tallies showed.
Last year's national taxation rate was 13.8 percent, down 0.3 percentage points from 2005, Lee said.
For last month, the treasury took in NT$82.8 billion in tax revenues, down 5 percent from the same period a year ago.
The biggest increase last month came from income tax, which grew 12.3 percent to NT$23.8 billion.
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