Taiwan's May Tax Revenue Hits NT$577 Billion; Securities Transaction Tax Surges 2.9 Times for 10th Consecutive Month of Growth

(Central News Agency, reporter Lu Yan-ci, Taipei 11th) The Ministry of Finance announced today that national tax revenue for May reached NT$577 billion, an 84% increase year-on-year. The securities transaction tax, which reflects stock market trading momentum, was NT$70.4 billion in May, a 2.9-fold increase year-on-year, indicating robust stock market activity and marking the 10th consecutive month of positive growth. The Ministry of Finance stated that compared to the same month last year, the net real collection in May saw significant increases in profit-seeking enterprise income tax (NT$166.9 billion), securities transaction tax (NT$52.3 billion), and business tax (NT$20.9 billion). Cumulatively, national tax revenue for the first five months of the year reached NT$1.422 trillion, a 39.2% increase year-on-year. Compared to the same period last year, profit-seeking enterprise income tax increased by NT$159.3 billion, securities transaction tax by NT$155.7 billion, and business tax by NT$52.6 billion. (Editor: Pan Yi-jing) 1150611