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Beijing Individual Tax Revenue Rising
Beijing Local Taxes Bureau has levied 2.807 billion yuan of individual taxes during the first six months of this year, up 23.8 percent compared with the same period of last year.
The taxes mainly came from industries, commercial and financial sectors, and the real estate trading sector. Most of the individual taxes, or 92 percent, were levied from individuals.
Taxes levied on non-salary items, such as interest, stock dividend, and bonus, increased sharply by 137 percent to 73.06 million yuan.
Analysts here say that the sound performance of Beijing's economy and growing income of Beijing residents contributed to the rise of taxes.
Beijing has witnessed the most rapid growth of GDP over the past four years. Statistics showed that the Chinese capital has realized 104.41 billion yuan in GDP during the Jan-June period this year, 3.8 percentage points higher than the national average.
The average monthly salary of Beijing employees was 1,215 yuan, 18.8 percent more than the same 1999 period.
The consuming market has been vigorous as the consumer sales volume hit 69.02 billion yuan with a net increase of 7.47 billion yuan compared with the same 1999 period.
The real estate was no longer sluggish. Beijing has sold 1.62 million square meters of housing during the first five months of this year. The sales volume which reached 6.48 billion yuan directly made employees of real estate rank the fourth on the list of the most paid employees in Beijing.
Officials with the Beijing Local Taxes Bureau said that all the factors have contributed to the growth of individual taxes.
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