Tibet Sees 12-pct Growth in Tax Revenue

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Last updated at: (Beijing Time) Thursday, April 03, 2003

Tibet Sees 12-pct Growth in Tax Revenue

The 2002 tax revenue in China's Tibet Autonomous Region reached 989.63 million yuan (about 119 million US dollars), an increase of 12 percent over 2001.

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The 2002 tax revenue in China's Tibet Autonomous Region reached 989.63 million yuan (about 119 million US dollars), an increase of 12 percent over 2001.

In 2002, the value-added tax collected in Tibet was 346.2 million yuan, up two percent year-on-year, and the sales tax 350.37 million yuan, up 33 percent.

The sales tax imposed on aweto, a rare herbal plant which growsin the wild, was also lowered from 20 percent to 10 percent duringthe year. The plant is a major source of income for many residents of northern Tibet.

The tax departments in Tibet have also intensified tax collection supervision at rural fairs, real estate agencies and wholesale markets.

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