TSMC tops list of corporate taxpayers with NT$55bn

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.&#13

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.&#13

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.&#13

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.&#13

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.&#13

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.&#13

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.&#13

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.&#13

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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