China's 2010 tax revenue tops 1 trillion USD

09:27, January 10, 2011      

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China's tax revenues rose 22.6 percent to 7.74 trillion yuan (1.17 trillion U.S. dollars) in 2010 compared to one year earlier, the State Administration of Taxation announced on Sunday.

This total included 732.8 billion yuan of tax refunds, but excluded tariffs, tonnage taxes, farmland occupation taxes and deed taxes.

Value-added taxes reported a 14.8 percent increase, as well as increases of 27.5 percent for consumption taxes, 23.8 percent for sales taxes, and 20.4 percent for income taxes.

Also, imported tariffs rose 35.9 percent year on year to 1.05 trillion yuan.

Source: Xinhua
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