Home
Letters to Editor
Domestic
World
Business & Trade
Culture & Science
Travel
Society
Government
Opinions
Policy Making in Depth
People
Investment
Life
Books/Reviews
News of This Week
Learning Chinese
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)

Six Measures Launch for Strengthening Tax Administration
Income Tax Faces Revision
Fuel Tax Expected to Be Postponed
New Ruling to Govern Income Tax Collection
Personal Income Tax Base to Be Raised
China to Adjust Taxes for Local Governments
Tax Collection Law to Regulate Government Conduct
Tax Collection Law to Regulate Government Conduct
More Work to Be Done in Introducing Inheritance Tax
E-Commerce Not To Be Tax-Free: Official
NBS Issues Jan-Oct Industrial Index
7 Percent Growth Obtainable for 2001 and 2002
Chinese Industries Prepare for WTO Entry
Prices of Industrial Products Drop in September
National Economy Keeps Steady Growth in First Three Quarters
Foreign Trade Growth Slows down
Industrial Output Increases 8.1 Percent in August
Wages Hike Expected to Boost Consumer Demand
Consumer Market Grows Steadily
Consumption in China Surges in First Half of Year
China Faces the Challenge
of An Aging Society
Most Firms Doing Better in Second Quarter
Industrial Profits Rise in First Five Months
Ministry of Finance
State Development Planning Commission
State Economic and Trade Commission
Copyright China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688