Total Tax Revenue in March Increased by 28% YoY, Securities Transaction Tax Doubled to a Record High of NT$53.5 Billion
Taiwan's Ministry of Finance reported a 28.6% YoY increase in March tax revenues, hitting NT$298.9 billion. Driven by an AI stock boom, the securities transaction tax hit a record NT$53.5 billion.
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- 📰 Published: April 14, 2026 at 18:54
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(Central News Agency reporter Lu Yen-tzu, Taipei, 14th) The Ministry of Finance today released preliminary statistics on national tax revenues for March. Driven by record-high trading momentum in the Taiwan stock market, the net actual collection of securities transaction tax for the single month was NT$53.5 billion, a year-on-year increase of NT$31.6 billion. Both figures set new record highs for a single month, with a YoY growth of 1.4 times. The cumulative net actual collection of securities transaction tax for the first three months was NT$123.7 billion, also a record high for a single quarter.
The Ministry of Finance announced the preliminary summary of national tax revenues for March today. The net actual collection for March was NT$298.9 billion, a record high for the same month historically, with an annual growth rate of 28.6%. Among them, the securities transaction tax increased by NT$31.6 billion, the business tax increased by NT$21.1 billion, and the comprehensive income tax increased by NT$16.1 billion.
Liu Hsun-jung, Deputy Director of the Department of Statistics at the Ministry of Finance, recalled that with the outbreak of the Middle East war at the end of February, the Taiwan stock market presented a volatile and weakening pattern with falling prices and increasing volume in March. In early March, due to the escalation of the US-Iran conflict, Taiwan stocks plummeted for consecutive days, and the weighted index dropped below 33,000 points. However, in mid-March, as the market expected the war to cool down and oil prices briefly fell back, coupled with the drive from artificial intelligence (AI) themes, the market surged by 1,342 points on March 11, the fourth-largest single-day point gain in history to date.
Liu said that in late March, due to the fluctuating war situation impacting market confidence, the index plummeted again by about 1,800 points. Overall, it closed at 31,722.99 points at the end of March, a huge drop of 3,691.5 points compared to February. The monthly drop set a new historical high, with a decline of 10.4%. However, stock market trading remained quite active. The average daily trading value of listed and OTC stocks in March was NT$921.4 billion, continuing to set a historical high with a YoY increase of 1.3 times.
Liu stated that the net actual collection of the securities transaction tax in March was NT$53.5 billion, a YoY increase of NT$31.6 billion, both setting record highs for a single month historically, with a YoY increase of 1.4 times and positive growth for 8 consecutive months. The net actual collection of NT$123.7 billion for the first three months also refreshed the record high for a single quarter historically, with a YoY increase of 1.2 times, reaching a new high for the same period since 2005.
She also mentioned that Taiwan stock trading momentum has been active since April, with the average daily trading value reaching NT$948.0 billion, breaking the March record again. However, because the stock market fluctuates greatly up and down, showing sharp rises and falls, subsequent observation is still needed.
Regarding other tax items showing annual growth, the net actual collection of business tax in March was NT$132.0 billion, a record high for a single month, increasing by 19% YoY. This was mainly due to stable domestic demand, coupled with increased import tax revenues from IT and audio-visual products, electronic components, etc. However, booming exports led to an increase in tax refund applications from business entities eligible for the zero tax rate on exports, offsetting some of the growth.
In March, besides the securities transaction tax, futures transaction tax, and business tax setting single-month highs, the comprehensive income tax, estate tax, and vehicle license tax all rewrote record highs for the same month. Among them, the net actual collection of comprehensive income tax in March was NT$51.0 billion, a YoY increase of 46.1%, mainly due to the increase in withholding tax on salary income.
Observing the overview of tax revenues by levels of government, the net actual collection of the central government's tax revenues for the first three months was NT$351.2 billion, accounting for 124.7% of the allocated budget. Due to the implementation of the new version of the Act Governing the Allocation of Government Revenues and Expenditures, the ratio of business tax allocated to the central government was significantly reduced. However, the securities transaction tax revenue grew substantially, and after offsetting, the net actual collection only decreased by 9.1% compared to the same period last year. The local governments saw an increase in actual net collections to NT$279.4 billion, a YoY increase of 1.1 times, due to the increase in the centrally allocated tax revenues.
The Ministry of Finance announced the preliminary summary of national tax revenues for March today. The net actual collection for March was NT$298.9 billion, a record high for the same month historically, with an annual growth rate of 28.6%. Among them, the securities transaction tax increased by NT$31.6 billion, the business tax increased by NT$21.1 billion, and the comprehensive income tax increased by NT$16.1 billion.
Liu Hsun-jung, Deputy Director of the Department of Statistics at the Ministry of Finance, recalled that with the outbreak of the Middle East war at the end of February, the Taiwan stock market presented a volatile and weakening pattern with falling prices and increasing volume in March. In early March, due to the escalation of the US-Iran conflict, Taiwan stocks plummeted for consecutive days, and the weighted index dropped below 33,000 points. However, in mid-March, as the market expected the war to cool down and oil prices briefly fell back, coupled with the drive from artificial intelligence (AI) themes, the market surged by 1,342 points on March 11, the fourth-largest single-day point gain in history to date.
Liu said that in late March, due to the fluctuating war situation impacting market confidence, the index plummeted again by about 1,800 points. Overall, it closed at 31,722.99 points at the end of March, a huge drop of 3,691.5 points compared to February. The monthly drop set a new historical high, with a decline of 10.4%. However, stock market trading remained quite active. The average daily trading value of listed and OTC stocks in March was NT$921.4 billion, continuing to set a historical high with a YoY increase of 1.3 times.
Liu stated that the net actual collection of the securities transaction tax in March was NT$53.5 billion, a YoY increase of NT$31.6 billion, both setting record highs for a single month historically, with a YoY increase of 1.4 times and positive growth for 8 consecutive months. The net actual collection of NT$123.7 billion for the first three months also refreshed the record high for a single quarter historically, with a YoY increase of 1.2 times, reaching a new high for the same period since 2005.
She also mentioned that Taiwan stock trading momentum has been active since April, with the average daily trading value reaching NT$948.0 billion, breaking the March record again. However, because the stock market fluctuates greatly up and down, showing sharp rises and falls, subsequent observation is still needed.
Regarding other tax items showing annual growth, the net actual collection of business tax in March was NT$132.0 billion, a record high for a single month, increasing by 19% YoY. This was mainly due to stable domestic demand, coupled with increased import tax revenues from IT and audio-visual products, electronic components, etc. However, booming exports led to an increase in tax refund applications from business entities eligible for the zero tax rate on exports, offsetting some of the growth.
In March, besides the securities transaction tax, futures transaction tax, and business tax setting single-month highs, the comprehensive income tax, estate tax, and vehicle license tax all rewrote record highs for the same month. Among them, the net actual collection of comprehensive income tax in March was NT$51.0 billion, a YoY increase of 46.1%, mainly due to the increase in withholding tax on salary income.
Observing the overview of tax revenues by levels of government, the net actual collection of the central government's tax revenues for the first three months was NT$351.2 billion, accounting for 124.7% of the allocated budget. Due to the implementation of the new version of the Act Governing the Allocation of Government Revenues and Expenditures, the ratio of business tax allocated to the central government was significantly reduced. However, the securities transaction tax revenue grew substantially, and after offsetting, the net actual collection only decreased by 9.1% compared to the same period last year. The local governments saw an increase in actual net collections to NT$279.4 billion, a YoY increase of 1.1 times, due to the increase in the centrally allocated tax revenues.