Taiwan is expected to collect more than NT$100 billion (US$3.13 billion) from the stock transaction tax for last year, the second highest amount since 2007. Preliminary MOF tax revenue figures showed that revenues from the stock transaction tax totaled NT$94.4 billion in the first 11 months of last year.
An estimated NT$8.93 billion was collected last month, based on the 0.3 percent transaction tax rate on Taiwan stock exchange turnover of NT$2.98 trillion for the month, which would bring the year’s total to NT$103.3 billion, MOF statistics showed.
That would be the second-highest total on record, trailing only the NT$128.9 billion collected in 2007.
The MOF will announce the official stock transaction tax revenue for last month on Jan. 11.
The Taiwan stock exchange bade farewell to a rough year in an upbeat mood on Thursday, with its weighted index closing at its 2009 high of 8,188.11 points.
For the year, the index advanced 3,596.89 points or 78.34 percent, the largest one-year rally in 16 years, Taiwan Stock Exchange Corp statistics showed.
Market analysts said the bullish trend is expected to continue in the first month of this year in terms of capital inflow and general economic performance.
The stock exchange said there were a total of 251 trading days last year. Market turnover reached NT$30.12 trillion, increasing by NT$3.45 trillion, or 12.95 percent, from the previous year.
The average daily turnover rose from NT$107.09 billion in 2008 to NT$120 billion last year, it said.
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