The nation’s tax revenue increased 5.1 percent from a year earlier to NT$126.4 billion (US$4.16 billion) last month, as a rise in securities market trading boosted revenue from the securities transaction tax to a six-month-high level, the Ministry of Finance said yesterday.
“This has been a good start for this year [to reach the tax revenue goal],” statistics department Deputy Director Hsu Ray-lin (許瑞琳) said at a press conference in Taipei.
This year’s tax revenue target has been set at NT$1.866 trillion.
Strong revenue performances from the business tax, consolidated income tax and commodity tax helped raise overall revenue last month, Hsu said.
In addition, the securities transaction tax revenue totaled NT$7 billion, up 20.2 percent from a year earlier, reaching its highest level since July last year, on the rebound of trading momentum in the stock market, the ministry said in its monthly report.
The average daily turnover of the nation’s stock exchange market and over-the-counter market rose to NT$97.6 billion and NT$24.9 billion respectively last month, from NT$78 billion and NT$13.4 billion in the same period last year, the report said.
The ministry also released the revised tax revenue for last year. Revenue increased 2.1 percent from a year earlier to NT$1.834 trillion, marking the highest level in the history.
However, the figure still fell short of the target, with the ministry aiming to collect NT$1.863 billion in tax.
Last year was the second consecutive year that the nation posted a shortfall in tax revenue.
In 2012, tax revenue amounted to NT$1.797 trillion, missing the ministry’s target of NT$1.823 trillion by a shortfall of NT$25.8 billion, statistics showed.
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