The nation’s tax revenues last month grew 9 percent from a year earlier to NT$14.64 billion (US$4.52 million), representing the first year-on-year increase in nine months, the Ministry of Finance said yesterday.
With the nation gradually emerging from the economic slump, several categories of taxation revenues have recorded a year-on-year increase, the ministry’s statement said.
“Business income taxes, for instance, increased NT$800 million, or 19.3 percent, from the same period last year to NT$46.5 billion,” Lin Lee-jen (林麗貞), head of the ministry’s statistics department, said at a press briefing.
In addition, revenues from commodity taxes have exceeded NT$10 billion for the sixth consecutive month and reached NT$11.4 billion last month, while land-value incremental tax revenues grew NT$1.8 billion, or 63.4 percent, year-on-year to NT$4.71 billion last month, the report said.
Still, the government is expected to face a record shortfall in tax revenues for the full year of more than NT$260 billion, Lin said.
“For the January to November period, total tax revenues fell short of NT$229.4 billion,” she said.
Securities transactions tax revenues for the January to November period increased 10.2 percent year on year, the report said.
Business and land taxes between July and last month increased NT$22.2 billion and NT$1.7 billion respectively, compared with the first half of the year.
Because of the global financial crisis, individual income tax revenues fell 34 percent to NT$14.92 billion last month from the same period last year, Lin said.
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