Taiwan's Ministry of Finance published an economic and tax revenue review showing that collections reached a record TWD 3.5714 trillion in January-September 2026, up 24.4% from a year earlier and equivalent to 79% of the annual budget target. Annual receipts are expected to exceed TWD 4 trillion for the first time. Its analysis of personal income tax also highlighted the concentration of tax liabilities among the highest income households and the increasing prevalence of single and older filers. Active stock trading drove securities transaction tax receipts higher, accounting for 44% of the total revenue increase. Together, securities transaction tax, corporate income tax and business tax contributed about 90% of the increase. Artificial intelligence demand supported record third-quarter exports of USD 244.9 billion, up 44.6% annually. After adjusting for export prices, growth was 20.9%, indicating that prices accounted for roughly half the nominal increase. Domestic economic activity is expected to keep expanding in the fourth quarter, although geopolitical conflict and trade tensions remain risks. Personal income tax receipts reached TWD 873.7 billion in 2025, setting a record for the fifth consecutive year. Preliminary assessments for the 2024 income year show that 45.3% of 6.98 million filing households had zero net taxable income. The highest income fifth accounted for 61% of reported income and 97.3% of the tax burden. Exemptions and deductions totaled 60.5% of reported income, while the overall effective tax rate was 6.5%. Filing patterns also reflected demographic change: Single filers represented 57.4% of filing households, and taxpayers aged 61 and older accounted for 14.1%, having contributed nearly half the increase in filing households over nine years.

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