TSMC re­mains largest cor­po­rate tax­payer in North Tai­wan: min­istry

The China Post - - TAIWAN BUSINESS -

Tai­wan Semi­con­duc­tor Man­u­fac­tur­ing Co. (TSMC, ) has re­tained the ti­tle as the largest cor­po­rate tax­payer in North­ern Tai­wan, the Na­tional Tax­a­tion Bureau un­der the Min­istry of Fi­nance said Wed­nes­day.

Ac­cord­ing to sta­tis­tics com­piled by the bureau’s north­ern area di­vi­sion, TSMC, the world’s largest con­tract chip-maker, paid more than NT$20 bil­lion (US$645 mil­lion) in cor­po­rate in­come tax in 2014, the most of any en­ter­prise op­er­at­ing in north­ern Tai­wan.

In 2014, TSMC posted a net profit of NT$302.10 bil­lion, up 40.2 per­cent from a year ear­lier and the high­est in the com­pany’s history, be­cause of strong global de­mand for mo­bile de­vices.

It had earn­ings per share of NT$10.18 in 2014, also a new high, up from NT$7.26 in 2013.

The tax­a­tion bureau col­lected NT$271.38 bil­lion in cor­po­rate in­come taxes in the tax­pay­ing month of May, up 14.6 per­cent from a year ear­lier.

The bureau’s north­ern area di­vi­sion, which cov­ers New Taipei, Taoyuan and Hs­inchu cities and Hs­inchu County, col­lected NT$116.02 bil­lion in cor­po­rate in­come taxes last year, ac­count­ing for 42.7 per­cent of the to­tal.

Much of the tax rev­enue came from com­pa­nies lo­cated in the Hs­inchu Science Park (

) , which houses Tai­wan’s ma­jor high-tech firms, like TSMC, ac­cord­ing to the north­ern area di­vi­sion.

It said that Hon Hai Pre­ci­sion In­dus­try Co. ( ), the world’s largest con­tract elec­tron­ics maker and as­sem­bles iPhones and iPads, paid about NT$10 bil­lion in cor­po­rate in­come taxes last year, the sec­ond high­est amount among any com­pany in north­ern Tai­wan.

A for­eign com­pany ranked as the third largest tax­payer in north­ern Tai­wan last year, but the di­vi­sion did not iden­tify it.

In­te­grated cir­cuit de­signer Me­di­aTek Inc. ( ) and con­tract notebook com­puter maker Quanta Com­puter Inc. ( ) came in fourth and fifth, re­spec­tively.

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