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Compared with the previous year, tax payable for individual income tax and profit-seeking enterprise income tax for 2009 each posted a decline of 14.42% and 9.7%, respectively, while tax payable for individual alternative minimum tax (AMT), a tax to which only people with an annual income of NT$6 million or more are liable, dropped by 54%, reflecting the drastic impact of the financial tsunami, according to the Ministry of Finance (MOF).




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