Chinese Customs Records High Tax Revenue

Home>>Business

Last updated at: (Beijing Time) Friday, October 04, 2002

Chinese Customs Records High Tax Revenue

Chinese Customs reported a net tax revenue of 26.36 billion yuan (3.18 billion US dollars) in September, a record high for a single month.

DISCUSSION

CHINESE

SEND TO FRIEND

Chinese Customs reported a net tax revenue of 26.36 billion yuan (3.18 billion US dollars) in September, a record high for a single month.

The amount represents a rise of 24.06 percent year-on-year, an official of the General Administration of Customs said Thursday.

In the first half of the year, the Customs saw a drop in revenue largely due to reduced tax rates resulting from China's entry into the World Trade Organization.

Responding to the drop, customs houses across the country have taken effective measures to tighten supervision and fight smuggling. Increased imports have added to the revenue since July,said the official.

Customs sources forecast this year's total customs tax revenue would exceed 240 billion yuan (28.9 billion US dollars), close to last year's 249.8 billion yuan (30 billion US dollars).

Questions?Comments? Click here

Jiang Urges Army to Prepare for Military, Anti-Terror Struggles ( 34 Messages)

'Taiwan Independence': Greatest Threat to Taiwan Straits Peace ( 41 Messages)

China Continues to Absorb Foreign Investment ( 2 Messages)

China Becomes Biggest Market for English Learning ( 2 Messages)

US Urged to Stop Activities in Chinese EEZ ( 7 Messages)

Two Chinese Students Shot Dead When Robbing a Malaysian Bank ( 5 Messages)