BUDGET BEATING:
In the first five months of this year, cumulative tax revenue soared NT$400.5 billion, or 39.2 percent, to NT$1.422 trillion, ministry data showed
By Chen Cheng-hui / Staff reporter
Tax revenue from securities transactions last month surged 288.95 percent from a year earlier to NT$70.4 billion (US$2.23 billion), rising on an annual basis for the 10th consecutive month and representing a record monthly figure as Taiwanese shares and market turnover continued to set new records, Ministry of Finance data released yesterday showed.The TAIEX last month surged 5,806.31 points, or 14.92 percent, marking its second-largest monthly increase, while the benchmark index closed out the month at 44,732.94, a record high, mainly led by contract chipmaker Taiwan Semiconductor Manufacturing Co (台積電) amid the artificial intelligence (AI) boom.Average daily turnover of the local stock market rose to record-high NT$1.53 trillion last month, a jump of 285.61 percent from NT$390.7 billion a year earlier, the ministry said.
People wait to file their tax returns for last year at the Taipei National Taxation Bureau’s Zhongzheng office in Taipei on May 4.
