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    tax revenue 結果共12筆

  • Taiwan’s premier addresses surplus tax revenue use

    Discover how Taiwan’s Premier Cho Jung-tai addresses surplus tax revenue and debt repayment in the Legislative Yuan, alongside discussions on AI technology for policy advocacy and privacy concerns.
    2024/07/02 14:42
  • Taiwan debates over menstrual products tax exemption

    Explore the debate in Taipei as lawmakers advocate for sales tax exemption on menstrual products, facing opposition from the Ministry of Finance over concerns of insufficient consumer benefits and potential NT$380 million annual revenue loss. Amidst discussions on gender wage gaps and period poverty, the ministry highlights the challenges of tax exemption policies and the broader implications for the tax system.
    2024/04/10 13:43
  • Taiwan High Speed Rail hits record 70M passengers in 2023

    Taiwan High Speed Rail Corporation (THSRC) reports record-breaking figures for 2023, with over 70 million passengers and NT$49.8 billion in revenue, leading to a pre-tax net profit of NT$9.7 billion. Commuters face challenges due to overcrowding, with standing room often unavailable during peak hours. THSRC plans to address this by increasing non-reserved seating capacity and adding more trains during peak travel periods.
    2024/04/02 16:04
  • IMO eyes carbon tax on shipping by 2027

    The United Nations International Maritime Organization (IMO) is contemplating a greenhouse gas emission tax on the maritime industry from 2027, potentially marking the first global sector to face a mandatory carbon fee. This tax aims to address the industry’s significant contribution to global emissions and could drive the adoption of eco-friendly practices among shipowners. The potential revenue of US$100 billion annually may also aid developing nations in combating climate change. Despite uncertainties surrounding the tax’s implementation and impact, IMO Secretary-General Arsenio Dominguez is resolute about establishing a pricing mechanism.
    2024/03/26 17:50
  • Taiwan rejects cash handouts despite tax surplus

    The Minister of the Directorate-General of Budget, Accounting and Statistics in Taiwan clarifies that there will be no general cash distribution from tax surplus this year, despite speculation. The surplus, amounting to NT$386 billion, will not lead to a repeat of last year’s NT$6,000 distribution due to financial considerations and the need for special legislation.
    2024/03/13 18:35
  • Taiwan announces budget surplus for 7th straight year

    Taipei’s Executive Yuan Spokesperson, Lin Tze-luen, announced a budget surplus for the 2023 fiscal year, attributing the achievement to the combined efforts of civil society and the government. The surplus will be allocated responsibly to maintain fiscal discipline, primarily focusing on debt reduction and infrastructure investment. Taiwan’s economy has experienced consistent growth, resulting in a budget surplus for seven consecutive years. In 2022, the surplus reached an impressive NT$500 billion, leading to a proposed special budget of NT$380 billion. This special budget aims to enhance economic and social resilience, with provisions such as a cash payment of NT$6,000 per citizen, support for labor and health insurance programs, and assistance for Taiwan Power Company. Additionally, the special budget includes programs to aid residential loan holders from the middle class and below. Lin emphasized the government’s commitment to considering public opinion and promoting national affairs to facilitate Taiwan’s sustainable development.
    2024/01/25 16:34
  • Surplus tax revenue in Taiwan opens debate on spending

    Taiwan’s government confirms budget surplus, prioritizes debt repayment and infrastructure investments. Cabinet spokesman Lin Tze-luen expresses gratitude for joint efforts leading to economic growth. Taiwan’s annual tax revenue exceeds target, reaching NT$367.1 billion in fiscal year 2023, marking the third-highest record. Speculation arises on possible cash rebate as government distributed NT$6,000 to citizens in 2022 surplus. Lin Tze-luen declares government will consider public opinion on surplus utilization. Surplus will be applied with fiscal discipline, focusing on debt repayment and infrastructure investments. Efforts will be made to meet national and individual needs for sustainable development.
    2024/01/25 15:15
  • Taiwan’s Legislative Yuan amends new property tax law

    Taiwan’s Legislative Yuan has passed a law amendment known as "Housing Tax 2.0," which will raise the residential property tax. The new tax will take effect on July 1, 2024, with taxation beginning in 2025. The Ministry of Finance estimates that around 4.45 million households will be affected by the revised tax, with approximately 3.1 million households benefiting from a preferential tax rate for single residency. This could potentially generate an additional revenue of NT$2.27 billion to NT$3.27 billion. Under the new system, residential properties will be categorized as "self-use" or "non-self-use," with a national limit of up to three properties classified as "self-use." The house tax will continue to be collected annually from May 1 to May 31, based on ownership from the prior year’s July 1 to the current year’s June 30. The amendment also requires that "self-use" residences meet household registration requirements in addition to the existing provisions regarding rental and occupancy by the owner, spouse, or direct relatives. The tax reform will have a significant impact on 10 municipalities that have not yet implemented the housing hoarding tax. To support the legislative changes, four supplementary regulations will be introduced, including differential tax rate modules, calculation formulas, principles for determining the number of household property holdings, and revisions to the organization of the Real Estate Evaluation Committees. All subsidiary regulations are scheduled to be amended by July 1, 2024.
    2023/12/20 18:10
  • Finance minister aims to prioritize public debt repayment

    The Taiwanese government plans to prioritize repaying public debt by using tax revenue that exceeds budget projections, according to Finance Minister Chuang Tsui-yun. The total budget for debt repayment in 2023, amounting to NT$111 billion, was fully executed by June, with an additional NT$15 billion paid in November. Chuang emphasized that if there is a surplus in the year-end financial outcome, the nation’s resources should be allocated for optimal use. The surplus in tax revenue will be apportioned first to debt repayment in accordance with the regulations of the Public Debt Act. Tax revenue for the first ten months of the year reached NT$3.0223 trillion, setting a record high for the same period compared to previous years, with a 6.9% increase. It is expected that full-year tax revenue will surpass budget estimates by NT$300 billion to NT$370 billion. The opposition party has called for a redistribution of the tax benefits back to the citizens.
    2023/11/22 15:11
  • Taiwan approves tax amendments targeting property hoarders

    Taiwan’s Executive Yuan approves amendments to the "House Tax Act," targeting property hoarders and offering tax breaks to single-occupancy homeowners. Learn how these changes may affect 3.1 million households.
    2023/09/21 19:37
  • Taiwan divided on prospects of NT$6,000 cash rebate

    The Taiwanese government recently announced that citizens will receive a one-off NT$6,000 cash payment due to a national tax revenue surplus, but public opinion remains divided on whether this would actually help locals and their businesses.  
    2023/01/10 20:16
  • Taiwan’s excess tax revenue unable to reduce national debts

    The Ministry of Finance (MOF) estimates that Taiwan will see an excess tax revenue of NT$450 billion this year.
    2022/12/26 18:43
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