TSMC remains the largest contributor to corporation tax

Taipei, July 14 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, paid NT$55 billion ($1.84 billion) in corporate tax in 2021 , retaining its title as Taiwan’s largest contributor, according to figures compiled by the Ministry of Finance (MOF).

TSMC was the only company in Taiwan to pay more than NT$50 billion in corporate tax in 2021, after the chipmaker posted a record net profit of NT$596.54 billion, up more than 15% compared to the previous year.

According to local media, TSMC, Taiwan’s most profitable company by net profit, accounted for about 8.4% of the NT$652.4 billion in total corporate tax revenue collected by MOF in 2021, or 10% year over year. increase.

Yang Ming Marine Transport Corp., one of Taiwan’s top cargo shippers, took second place after TSMC, paying about NT$27 billion in corporate income tax on its posted revenue in 2021, according to statistics.

Yang Ming benefited from higher freight rates, which were driven by a shortage of freight forwarding services, robust demand and severe port congestion around the world.

The shipping company Wan Hai Lines Ltd. was third, paying more than NT$15 billion in corporate income tax, according to local media.

Evergreen Marine Corp., the largest containerized cargo shipper in Taiwan, ranked fourth after paying more than NT$12 billion, according to reports.

The Northern Area National Tax Bureau collected the largest share of corporate tax among the tax bureau’s five branches, at NT$256 billion for 2021, up from more than NT$100 billion or 64.16% over the previous year.

The Northern Area National Tax Bureau covers enterprises located in New Taipei City, Taoyuan City, Hsinchu City and Hsinchu County, an area that is home to large technology enterprises and Hsinchu Science Park, headquarters of TSMC headquarters.

Luisa D. Fuller