The centrally funded tax revenues that can be allocated to local governments next year are to rise nearly NT$40 billion (US$1.25 billion) to a record-high NT$381.17 billion, with 65 percent of the revenue going to fund the governments of the six special municipalities, the Ministry of Finance said in its latest report.
After the ministry has collected income, business, excise and land value-added taxes, it would designate a specific percentage of total tax revenues to be allocated to local governments. The distribution of tax revenues among 22 cities and countries is governed by the Regulations for the Allocation of Centrally Funded Tax Revenues (中央統籌分配稅款分配辦法).
Specifically, NT$60.315 billion would be allocated to Taipei, an average of NT$24,060 per resident. New Taipei City would receive NT$46.884 billion, an average of NT$11,622 per resident, a ministry report showed.
Photo: Reuters
They were followed by NT$43.466 billion that is to be appropriated for Kaohsiung, NT$38.707 billion for Taichung, NT$30.361 billion for Taoyuan and NT$28.055 billion for Tainan. The average revenue per resident is NT$15,877, NT$13,630, NT$13,144 and NT$ 15,085, respectively.
Although Lienchiang County is only allocated NT$650 million, it amounts to an average of NT$46,050 per resident, the highest in Taiwan due to it only having about 14,000 registered residents.
Penghu County’s population of about 107,000 is ranked second, with the average tax revenue per resident being more than NT$27,421. Taitung and Taipei are ranked third and fourth regarding the average tax revenue per resident, which is NT$25,887 and NT$24,060, respectively.
Residents in Hsinchu County would on average receive a tax revenue of NT$9,491 per person, which is the lowest in the country, preceded by NT$10,593 for a Changhua County resident, NT$11,622 for a New Taipei City resident and NT$11,971 for a Yilan County resident.
The centrally funded tax revenues to be allocated to Taipei would increase by NT$6.23 billion, the largest increase in the country, followed by an increase of NT$4.88 billion to New Taipei City and NT$4.608 billion to Kaohsiung.
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