Taiwan Semiconductor Production Co (TSMC, 台積電), the world’s premier contract chipmaker, compensated NT$55 billion (US$1.84 billion) in corporate earnings tax last yr, retaining its title as Taiwan’s largest contributor, details compiled by the Ministry of Finance confirmed.
TSMC was the only firm in Taiwan to spend far more than NT$50 billion in corporation income tax previous 12 months, soon after the chipmaker posted a record earnings of NT$596.54 billion, up a lot more than 15 p.c from 2020.
Chinese-language media claimed that the chipmaker accounted for about 8.4 percent of the NT$652.4 billion in full corporate earnings tax income gathered by the ministry final yr, a 10 p.c 12 months-on-12 months improve.
Image: Ann Wang, Reuters
After TSMC, Yang Ming Marine Transportation Corp (陽明海運), a person of Taiwan’s leading cargo shippers, took next position, spending about NT$27 billion in corporate cash flow tax for profits manufactured final year, the facts showed.
Yang Ming benefitted from a freight level surge pushed by a scarcity in cargo shipping and delivery services, sturdy demand from customers and serious port congestion all over the world.
Fellow shipping line Wan Hai Traces Ltd (萬海航運) was the 3rd-biggest taxpayer, paying out extra than NT$15 billion in company revenue tax, the studies said.
Evergreen Maritime Corp (長榮海運), Taiwan’s major container cargo shipper, ranked fourth, paying a lot more than NT$12 billion, the reviews claimed.
The Nationwide Taxation Bureau’s department dependable for New Taipei City, Taoyuan, and Hsinchu town and county gathered the greatest share of company tax amongst the taxation bureau’s 5 branches, with NT$256 billion last calendar year, up much more than NT$100 billion, or 64.16 per cent, from a calendar year before.
The bureau’s tax revenue was boosted by significant tech corporations with creation bases in the Hsinchu Science Park (新竹科學園區), which is home to TSMC’s headquarters.
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