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Last updated at: (Beijing Time) Tuesday, December 10, 2002

First 11 Months Bring China 1.5517 Trillion Yuan Revenue

By latest statistics from the State Administration of Taxation of China (SATC), from January to November this year, China netted 1551.778bn yuan of revenue or a 13.6 percent growth, an equivalent of 186.026bn yuan over the same period last year. Such a figure accounted for 93.4 percent of the annual budget, 1.7 percent ahead of schedule. The SATC held that China's tax revenue suggested sound in the first 11 months this year.


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By latest statistics from the State Administration of Taxation of China (SATC), from January to November this year, China netted 1551.778bn yuan of revenue or a 13.6 percent growth, an equivalent of 186.026bn yuan over the same period last year. Such a figure accounted for 93.4 percent of the annual budget, 1.7 percent ahead of schedule. The SATC held that China's tax revenue suggested sound in the first 11 months this year.

As learned, during the period, tax revenue at the central level took up 949.587bn yuan, up 13.8 percent over the same period last year, equivalent to 114.805bn yuan; while that at the local level was 602.191bn yuan, 13.4 percent higher than that of last year, equivalent to 712.2bn yuan.

In a perspective of tax types, circulation tax and three items of income tax were major contributors. In a breakdown, circulation tax stood at 89.5263bn yuan, reaping an increase of 15.4 percent or 119.604bn yuan to constitute 64.3 percent of the total increasing amount. Personal income tax and corporate income tax from China or foreign-funded enterprises added up to 34.8278bn yuan, growing by 13.1 percent or 40.358bn yuan to make up 21.7 percent of the increasing total. In the same period, the national export duties amounted to 106.405bn yuan, up 3 percent or 3,12bn yuan over the same period last year.

By PD Online Staff Zhu Lizhen


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