News
2024 tax revenues hit record high
14 January, 2025
The Ministry of Finance says tax revenues in 2024 hit a record high of NT$3.73 trillion, an amount which exceeded the budget by just over NT$497 billion.
The figure represents an increase of 7.9% from a year earlier, with the net amount collected accounting for 115.4% of the annual budget.
The increase in tax revenue last year was driven mainly by an increase of NT$90.7 billion in revenue from stock transactions, NT$67.1 billion in personal income tax, NT$38.6 billion from corporate income tax, and NT$36.6 billion from business tax,
Revenue from securities transactions rose 46% year-on-year to NT$288 billion in 2024 as the market received a boost from the most active artificial intelligence (AI) stocks.
Go Top