Fri, Dec 10, 2010 - Page 12 News List

Treasury’s tax revenue gains NT$15.4bn boost

By Kevin Chen  /  Staff reporter

The national treasury collected NT$161.9 billion (US$5.3 billion) in tax revenue last month, up NT$15.4 billion, or 10.5 percent, from a year ago, the Ministry of Finance said yesterday.

The biggest increase was recorded in business income tax revenue, which rose NT$6.2 billion or 13.5 percent year-on-year to NT$52 billion last month, the ministry said in a statement.

That was followed by an increase of NT$5.9 billion, or 51.9 percent, in commodity tax revenue to NT$17.3 billion, and an addition of NT$1.9 billion, or 29.5 percent, in customs tariffs to NT$8.1 billion, the ministry’s data showed.

Cumulative tax revenue has reached NT$1.51 trillion so far this year, up NT$77.2 billion, or 5.4 percent, from a year ago.

However, the figure only accounted for 99.6 percent of the government target set for the first 11 months of this year because of yearly declines of NT$43 billion in business income tax revenue and NT$4.6 billion in individual income tax revenue, the ministry said in the statement.

For the whole of this year, the government aimed to rake in a total of NT$1.617 trillion in tax revenue, Hsu Ray-lin (許瑞琳), deputy head of the ministry’s statistics department, said in May.

Last year, the treasury saw a tax shortfall of more than NT$250 million after collecting a total of NT$1.53 trillion, lower than its goal of NT$1.784 trillion.

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