China's Personal Income Tax Revenue Topped 51.1 Bn Yuan in 2000Sources from the State Administration of Taxation show that China's revenue from personal income tax in the year 2000 amounted to 51.1 billion yuan (revenue from bank interest income tax excluded), up 23 percent over 1999.According to the report, the revenue of personal income tax amounted to 13.1 billion yuan in 1995, 26 billion yuan in 1997 and 41.4 billion yuan in 1999. Measures taken to ensure that the tax is collected on non-salary income, particularly share dividends and bond interest payments is the main cause of the strong growth in personal income tax. |
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