Taiwan’s central government collected NT$477.1 billion in revenue during the first quarter of 2025. The Taiwan government revenue report came from the National Treasury Administration under the Ministry of Finance on Tuesday.
This amount represents 15.1% of the full-year revenue target. However, it also marks the lowest first-quarter total since 2021. Compared to last year, revenue declined by NT$9.6 billion. The drop mainly came from a one-time NT$11.4 billion contribution from the National Financial Stabilization Fund during the same period in 2024.
Tax-related income totaled NT$386.5 billion, nearly 14% of the yearly tax target. That figure showed an increase of NT$3.9 billion from the first quarter of last year. This boost in Taiwan government revenue came mostly from individual income taxes and customs duties.
Individual income tax revenue rose by NT$12.6 billion. Customs duties added another NT$800 million. These gains helped balance out declines in several other categories. The securities transaction tax dropped NT$5.2 billion. The commodity tax fell NT$3 billion. Business income tax decreased NT$1.3 billion.
Non-tax revenues also played a role in overall revenue. These include funds from state-owned enterprises, land leasing, investment returns, fees, and fines. Altogether, non-tax revenue reached NT$90.6 billion. This accounted for 23.8% of the yearly non-tax revenue goal.
However, this category saw a year-on-year decline of NT$13.5 billion. Income from state-owned enterprises fell NT$2.9 billion. Other sources of non-tax revenue dropped NT$11.3 billion.
Officials said Taiwan government revenue remained within expected levels. Still, they warned of several potential risks ahead. These include global trade fluctuations, rising currency volatility, and foreign tariff policies.
The administration will continue to monitor economic trends closely. Revenue forecasts may change if conditions shift in the coming months. Taiwan’s fiscal strategy depends on stable tax flows and reliable non-tax income.
With this mixed performance in Q1, the government remains cautious. Yet, it stays committed to maintaining sound public finances throughout 2025.
