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Tax Revenue up 21 Percent in First Ten Months

China's tax revenue jumped 21. 1 percent year-on-year, or 218.3 billion yuan (US$26.4 billion), to 1.25 trillion yuan (US$151.14 billion) in the first 10 months of this year, the State Administration of Taxation said in Beijing on Wednesday.

The income accounted for 93.3 percent of the planned tax revenue for this year.

Of the total, 738.1 billion yuan flew into the state coffer, and 513.4 billion yuan was collected by local governments.

The administration said that the monthly tax revenue averaged more than 100 billion yuan this year, with the highest of 151.1 billion yuan recorded in April.

Major increase was seen in the value-added tax, consumption tax, and enterprise and individual income tax in the 10 months, while the taxation gap between the eastern region and central and western regions was shrinking, the administration said.

A spokesman with the administration attributed the steady increase in tax revenue to the country's sustained, healthy economic growth, the hard work of the taxation department and a better public awareness of the duty to pay taxes.

(Xinhua News Agency November 29, 2001)

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