Ministry of Finance: Land Value Increment Tax Revenue Declines 12.7% in First 3 Months; Taichung City Sees Steepest Drop Among Six Major Cities
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AI Summary (NQ-processed)
The Ministry of Finance announced that Land Value Increment Tax revenue for March fell by 12.7% year-on-year to NT$6.1 billion, the lowest for the same month since 2010. Cumulatively, revenue for the first three months was NT$16.6 billion, a 15.7% decrease from the previous year. Among the six special municipalities, Taichung City experienced the most significant decline, with a 47.2% year-on-year drop in March.
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Frequently Asked Questions
- Q: What was the Land Value Increment Tax revenue in March 2026?
- A: The net revenue collected was NT$6.1 billion, a decrease of 12.7% compared to the same month last year.
- Q: Which city saw the largest decline in Land Value Increment Tax revenue in the first three months of the year?
- A: Taichung City, New Taipei City, and Taoyuan City saw larger decreases.