The government last month collected NT$135.2 billion (US$4.55 billion) in tax revenue, up NT$2.5 billion, or 1.9 percent, from a year earlier, Ministry of Finance data showed yesterday.
The biggest increase came from corporate income tax, which rose by NT$10.5 billion from a year earlier, as there were large tax refunds last year, the ministry said in a statement.
Other major revenue increases last month came from personal income tax, which grew by NT$4.4 billion, license plate tax, which climbed by NT$1.1 billion, and business tax, which increased by NT$4.5 billion, the ministry said.
Photo: CNA
However, securities transaction tax revenue decreased by NT$9.2 billion, or 37.5 percent, year-on-year — the largest annual decrease in three years — as the daily trading turnover on the local bourse averaged NT$320 billion, compared with NT$526.9 billion a year earlier, it said.
Commodity tax revenue declined by NT$3.1 billion, as the government lowered import duties on fuel products to curb inflation, the ministry said.
In the first four months of the year, cumulative tax revenue rose by NT$18 billion, or 3 percent, year-on-year to a record NT$617.9 billion, ministry data showed.
The January-to-April total accounted for only 22.7 percent of the government’s target for the full year, as increases in revenues from corporate income, individual income and business taxes were offset by decreases in revenues from commodity and securities transaction taxes, the ministry said.
Ministry data showed that corporate income tax revenue increased by NT$18.4 billion, individual income tax revenue grew by NT$18 billion and business tax revenue rose by NT$4.5 billion in the four-month period, while commodity tax revenue declined by NT$10.8 billion.
Tax revenue from securities transactions in the first four months fell by NT$14.9 billion, or 18.5 percent, as the average daily trading turnover dropped to NT$352.1 billion, from NT$433.1 billion a year earlier, data showed.
AVOIDING CONFUSION: Passengers are to be able to check in two items of luggage, while the free weight allowance is to be increased to conform with other airlines EVA Airways Corp (長榮航空) yesterday announced that from June 23 it is to adopt a new baggage allowance policy for all passengers with a higher weight limit as it aims to benefit passengers and increase efficiency. The airline currently has a two-system baggage policy: It allows passengers flying to the US and Canada to check in two pieces of baggage with a free weight allowance, while for those flying to Asia, Europe and Oceania there is also a free weight allowance, but no limit on the number of pieces of baggage. From June 23, passengers would be able to check in two
MORE THAN BUZZ: The chip designer said it has received numerous orders from automakers to supply 5G modem chips, as it works to expand beyond smartphones MediaTek Inc (聯發科) yesterday said it would ship the first 5G chips for vehicles to customers in the Asia-Pacific region by the end of the year, as it moves to expand the reach of its 5G chips beyond smartphones. The Hsinchu-based chip designer said it has been developing 5G chips for connected vehicles over the past few years, targeting applications such as telematics and in-vehicle information systems. “We are seeing demand for 5G technology from numerous makers of connected cars, including electric vehicle makers. We have obtained numerous orders from automakers to supply 5G modem chips with highly integrated features,” J.C. Hsu
Qualcomm Inc yesterday said it would maintain its supply chain strategy of sourcing chips from multiple foundry partners, including advanced chips from two major suppliers, to ensure a sufficient chip supply amid the COVID-19 pandemic. Qualcomm is reportedly working with Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and Samsung Electronics Co on advanced products, such as 4-nanometer chips, for its new flagship 5G chips, the Snapdragon 8+ Gen 1 series. Qualcomm is sourcing chips made by mature technologies from several foundry partners, the company said. Alex Katouzian, general manager of Qualcomm Technologies Inc’s mobile, compute and XR business, told a virtual media briefing that
US DRAM maker Micron Technology Inc is set to install the industry’s most cutting-edge technology — extreme ultraviolet (EUV) lithography equipment — in its facility in Taichung this year, the company said yesterday. In early preparation for the volume production of 1-gamma nanometer node DRAM, “we plan to introduce EUV tools to our Taichung fab later this year,” Micron president and chief executive officer Sanjay Mehrotra said via video at the Computex trade show in Taipei. Gamma refers to the dimension of half the distance between cells in a DRAM chip. Micron is also looking forward to beginning mass production of its
RSS