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Local Tax Income Registers Dramatic Rise
Beijing: local tax income exceeds 30 billion yuan, up 16%By the end of last year, various tax revenues had reached 30.05 billion yuan, up 16 percent over 1999.
According to the analysis by departments concerned, the dramatic increase of Beijing's tax revenue can be attributed mainly to its rapid economic growth. The 11 percent economic growth resulted in an increase of 2 billion yuan worth of local tax revenue and of 1.36 billion yuan worth of business tax. The personal income of Beijing urban residents witnessed a stable increase. The personal income tax hit 5.56 billion yuan for the first time, up 25 percent over 1999. Beijing vigorously adjusted its industrial structure which entailed a rapid development of the tertiary industry, income from business tax on real estate, insurance, communication and catering trades all increased over 20 percent.
Tianjin: financial revenue tops 24.4 billion yuan, up 18.3%The financial revenue of Tianjin reached 24.48 billion yuan in 2000, up 18.3 percent over 1999, the year seeing the highest increase during the Ninth Five-year (1996-2000) Plan period.
Sources say that due to the accelerated rate of economic development in Tianjin last year, the quality of economic operation was obviously improved. Large and medium State-owned enterprises turned losses into profits ahead of schedule, thus creating pre conditions for the growth of financial revenue. Incomes from value added tax, business tax and consumption tax surged by 18.8 percent over 1999. The enterprise income tax and personal income tax soared 23.4 percent. The financial revenue of development zones, bonded zones and hi-tech parks maintained a high-speed growth momentum with the increase rates standing at 51 percent, 53.8 percent and 57 percent respectively over 1999.
Shanghai: financial revenue tops 100 billion, up nearly 25%Latest statistics show that Shanghai registered a financial income of 114.16 billion yuan last year, an increase of 24.6 percent over 1999. The income of value added tax and consumption tax combined to reach 44.99 billion yuan, up 12.3 percent; the local financial revenue hit 49.79 billion yuan, up 15.3 percent, respectively fulfilling the tax income plan formulated by the State Administration of Taxation and the budgeted income approved by the Shanghai municipal people's congress.
According to the introduction, the stable growth of Shanghai's financial revenue reflects the sound interaction between its financial revenue and its economic development during the Ninth Five-year Plan period.
Jiangsu: tax revenue exceeds 68.2 billion yuan, ranking 3rd in the countryIn the year 2000, the national tax revenue of Jiangsu Province reached 68.26 billion yuan, ranking third in the country.
It is reported that following the hitting of the 30 billion yuan mark in 1996, the national tax revenue of Jiangsu Province (including tax collected by the customhouse on its behalf) topped 40 and 50 billion yuan in 1998 and 1999 respectively, and 60 billion yuan in 2000. During the Ninth Five-year Plan period, the national tax revenue of Jiangsu Province reported an increase of 18.36 percent annually.
Guangdong: local tax revenue tops 60 billion yuan, up 17.6%By the last day of 2000, Guangdong Province had collected 60.03 billion yuan of local tax revenue in the whole year, an increase of 9 billion yuan, or 17.6 percent, over 1999.
The good sustained momentum gained in Guangdong Province's economy last year can be obviously seen in its tax revenue record. All the 22 cities across the province witnessed a steady growth in their local financial revenue. The tax revenue of over a half of the cities exceeded 1 billion yuan, among which, the revenue of Guangzhou amounted to 22.4 billion yuan, only behind Shanghai and Beijing.
By PD Online Staff Du Minghua
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