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Tax revenues collected in 2018 up 6 percent year-on-year: MOF

2019/02/18 20:59:22

CNA file photo

Taipei, Feb. 18 (CNA) Taiwan collected tax revenues totaling NT$2.39 trillion (US$77.39 billion) in 2018, up over NT$100 billion from 2017, according to statistics released by the Ministry of Finance (MOF) on Monday.

According to the MOF, the figure was up 6 percent, or NT$135.7 billion, from a year earlier, and also was NT$89.7 billion higher than the expected revenues budgeted at the beginning of the year.

Compared with the previous year, individual income tax revenues increased by NT$26 billion, while corporate income tax receipts were up by NT$64.6 billion, the statistics showed.

Business tax revenues rose NT$30.4 billion, and tobacco and alcohol taxes were up NT$19.4 billion, the figures showed.

Gift tax, land value tax, and land value increment tax receipts fell NT$19.5 billion, NT$2.9 billion and NT$3.3 billion, respectively, according to MOF figures.

Meanwhile, for the month of January, tax revenues totaled NT$154.3 billion, NT$6.9 billion more than was collected in January 2018, the MOF said.

(By Chiu Po-shen and William Yen)