Focus Taiwan
Date: 2016/04/13
By: Chiu Po-sheng and Romulo Huang
Taipei, April 13 (CNA) Taiwan’s net tax revenue totaled NT$345.5 billion
The cumulative total net tax revenue for the first three months of 2016 accounted for only 95.4 percent of the distributed budget, falling short by NT$16.6 billion, the ministry said.
In the breakdown, income tax revenue from business enterprises suffered the biggest year-on-year decline of 68.6 percent, falling by NT$7.2 billion, in the first quarter of this year.
Land value increment tax revenue dropped 35.9 percent or NT$9.4 billion, while the individual income tax revenue decreased by 1.7 percent or NT$1.3 billion. [FULL STORY]