By Crystal Hsu
/ Staff reporter
Add TT as Preferred Source
Taiwan’s tax revenue was robust in the first seven months of this year, fueled by a stock-market boom and strong corporate earnings, even as last month’s collections declined because of an unusually high comparison base created by last year’s extended income-tax filing deadline, the Ministry of Finance said yesterday.Tax revenue was NT$289.1 billion (US$8.96 billion) last month, down 67 percent from a year earlier, the ministry’s data showed.“The sharp decline was largely a statistical effect rather than a sign of weakening collections,” ministry statistician Liu Shun-rong (劉訓蓉) said.
People file tax returns at the National Taxation Bureau’s Zhongzheng office in Taipei on May 4.
