Taiwan’s Ministry of Finance has announced a 5.2 percent fall in revenue in June 2013 due to a fall in receipts from corporate taxes. There has been a decrease in total tax collections in the first half of this year which includes falls in collections from business tax, commodity tax and securities transaction tax. The amount of the decrease is just over TWD1 trillion which is almost 1.3% below the same period in 2012.
Although the overall tax revenue expected for the full year in the 2103 Budget has not yet been modified, it seems unlikely that the annual targeted tax collections of TWD1.86 trillion, or 3.7 percent more than the total revenue collected in 2012, will be reached.
