Personal Tax Revenue Soars in BeijingWith total personal income tax hitting 2.398 billion yuan from January to May, Beijing saw a rise in personal income tax revenue up to 0.48 billion yuan or a growth of 25.33% as compared to the same period of last year,according to the local tax bureau.February and March witnessed the revenue exceeding 0.5 billion yuan successively. The ratio of personal income tax to local industrial and commercial taxes is as informed constantly on the rise, reaching 20% up till now. |
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