First Batch of Tax Refunds to be Deposited on 7/31, Totaling Nearly 559.2 Billion New Taiwan Dollars, Setting a New Record High

Reported 12 months ago

Yahoo Kimo (Real-time News) - The Finance Information Center of the Ministry of Finance announced today that the first batch of 3.436 million tax refund cases that meet the criteria for the 112th year's comprehensive income tax refunds will be deposited into accounts on July 31st this year. The total amount of the first batch of refunds is approximately 559.2 billion New Taiwan Dollars, marking a new record high for the initial refund scale over the years. The income tax settlement declaration for the 112th year was completed by May 31st this year, and tax refunds will be processed in three batches on July 31st, October 31st, and January 20th next year. The total estimated amount for refunds is about 589 billion New Taiwan Dollars. With the first wave of refunds approaching, the Ministry of Finance's Taxation Bureau reminds that refunds can be received either through direct deposit into a bank account or through the regular issuance of refund vouchers; the National Taxation Bureau reiterates that taxpayers will not be informed to go to ATMs for related operations and cautions the public to be wary of fraudulent phone calls. The Finance Information Center announced today the summary of the 112th year's comprehensive income tax audit cases, with the first batch of refunds primarily consisting of 3,357,609 cases with a total amount of 549.6848 billion New Taiwan Dollars being directly deposited; for general cases, there are 79,283 cases with a total amount of 9.5246 billion New Taiwan Dollars; totaling 3,436,892 cases with refund amounts totaling 559.2094 billion New Taiwan Dollars, setting a new record high for the initial refund scale over the years; in terms of supplementary taxes, the total amount is 1.94059 billion New Taiwan Dollars. Officials from the Ministry of Finance stated that the above data is preliminary statistics, and the exact refund amounts and cases will be adjusted by the National Taxation Bureau, and may subject to further changes. Editor: Qin Yingwen

Source: YAHOO

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