The Ministry of Finance yesterday said it collected NT$210 billion (US$6.88 billion) in tax revenue for last month, a 1.7 percent increase from last year, driven by revenue from securities transactions.
Tax revenue from securities transactions increased 29.8 percent to NT$8.9 billion last month, as average daily market turnover increased 19.89 percent to NT$154.9 billion, the ministry said.
Since September, foreign capital has flowed into the local bourse as investors take advantage of stable GDP growth in Taiwan, while other economies in the region have taken a hit from US-China trade tensions and other macroeconomic uncertainties.
The upward trend has continued this month, propelling the TAIEX yesterday to a 29-year high of 11,700.77 points, as foreign institutional players increased positions by a net NT$4.05 billion, Taiwan Stock Exchange data showed.
In the first 11 months of the year, tax revenue from securities transactions totaled NT$82.2 billion, down 12.3 percent from a year earlier, ministry data showed.
Business tax revenue increased NT$2.7 billion, while tax revenue from land value gains rose NT$1.6 billion, Department of Statistics Deputy Director-General Chen Yu-feng (陳玉豐) said.
An increase in property gains was seen even though the number of taxable properties fell 4.3 percent to 47,301, Chen said, adding that higher tax revenue helped account for positive growth.
The government collected NT$2.33 trillion in tax revenue in the first 11 months, ahead of its budget target for this year by 3.4 percent, Chen said.
DEVELOPING TALENT: The electronics contractor is looking to recruit people to work in core tech fields and emerging industries like electric cars and robotics Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, has launched a recruitment drive, offering a monthly salary of no less than NT$45,000 (US$1,485) to university graduates. For those with a master’s degree, the starting pay would be NT$52,000 per month at the minimum, while doctorate degree holders would receive at least NT$60,000 a month, Hon Hai said a statement issued early this week. The latest recruitment drive is aimed at attracting talent in core technology fields — artificial intelligence, semiconductors and next-generation mobile communications — and emerging industries — electric vehicles, digital healthcare and robotics, the
MRT TRAVEL FALLS: In February, ridership on the Taipei MRT System fell 8.96 percent from an average of 2.01 million per day in January Scooter sales jumped 13 percent last month as more commuters turned to two-wheelers to avoid public transportation amid the COVID-19 pandemic, the latest statistics showed. Sales expanded to 74,493 units last month, compared with 65,913 units in February, statistics released on Wednesday by Kwang Yang Motor Co (光陽工業) and the Ministry of Transportation and Communications showed. In the first quarter, aggregate sales slid 0.51 percent year-over-year to 186,627 units, from 187,580 units, data showed. Kwang Yang, the nation’s biggest scooter manufacturer, continued to lead the market by selling 24,136 vehicles last month, growing 6.12 percent from 20,785 units in the previous month, while
Asustek Computer Inc (華碩), the nation’s leading PC vendor, yesterday launched its first dual-screen gaming laptop powered by Intel Corp’s latest central processing units (CPUs). The PC manufacturer’s announcement closely followed the US chipmaker’s unveiling of its 10th Generation Core H-series, the fastest commercial mobile processors with speeds of up to 5 gigahertz. Although Asustek’s Zephyrus Duo 15, the highlight of its Republic of Gamers line, is not the company’s first laptop with two screens, it is its first designed specifically for gaming. Nestled between the primary display panel and the keyboard, the secondary display, which Asustek calls the ScreenPad Plus, is angled
NO ILL EFFECT: Last month’s data mainly reflected deals made in February, when the spread of COVID-19 was still relatively mild in Taiwan, housing brokers said Housing transactions in the six special municipalities totaled 19,824 units last month, up 7.8 percent from a year earlier, brokers said, citing government data. Last month’s data mainly reflected deals made in February, when the pinch of the COVID-19 pandemic was not yet evident, they said. Taoyuan posted the largest improvement, with housing transactions soaring 36.6 percent year-on-year to 3,676 units, local government data showed. Taiwan Realty Co (台灣房屋) attributed the pickup to the completion of two presale residential projects in the municipality. Houses in Taoyuan have increasingly gained in popularity in the past few year years due to relatively affordable home prices and
RSS