China's tax revenues hit 1.93 trillion yuan (US$241.25 billion)
in the first six months, a rise of 22.3 percent over the same
period last year, according to the State Administration of
The figure was 352.2 billion yuan more than the same period of
An administration official attributed the rapid growth of tax
revenues to the "stable and fast" development of the nation's
He said the strict implementation of tax policies had also
played an important role, predicting that tax revenues would
continue to rise steadily.
The growth rate of the tax revenue, which excluded revenues from
customs tariffs and the farming sector, was in step with the
development of the nation's economy, said the official.
China's income tax revenues from foreign-invested enterprises,
domestic enterprises and individuals amounted to 546.5 billion yuan
in the first half, an increase of 27.8 percent from the same period
Increased revenues from customs tariffs, stamp duties on stock
trading and motor vehicle purchase taxes also contributed to the
During the period, the country's customs collected 239 billion
yuan worth of tariffs, a rise of 21.1 percent.
Revenues from stamp duties on stock trading amounted to 7.2
billion yuan, up 144.3 percent, and motor vehicle purchase taxes
rose 23.6 percent year on year to 33 billion yuan.
These combined three revenue sources totaled 52.3 billion yuan
in the first half, accounting for 14.8 percent of the country's
total, and helped push up the nation's tax revenue growth by 3.3
Revenue from the country's economically-developed east rose22.7
percent to hit 1.38 trillion yuan, while those from central China
increased by 20.3 percent to 297.2 billion yuan, and the taxes from
the less developed west rose by 22.5 percent to stand at 260.3
Tax revenues from the east accounted for 71.1 percent of the
country's total, central China 15.4 percent, the west 13.5
(Xinhua News Agency July 8, 2006)