Related News
21.9% jump in fiscal revenue last month
By Hu Xiaocen |
December 12, 2012, Wednesday
|
Print Edition
Print Edition
CHINA'S fiscal revenue rose 21.9 percent year on year in November, the fastest growth in 15 months, the Ministry of Finance said yesterday.
Last month's total revenue came to 787.1 billion yuan (US$125.1 billion) and the rapid growth was mainly because of the low base a year earlier, the ministry said.
But on a monthly comparison, the fiscal income fell by 257.3 billion yuan from October's.
The value-added tax, the lion's share of the revenue, climbed 16.2 percent year on year to 220.5 billion yuan on a rebound in industrial output, the ministry said.
Corporate income tax paid by banks surged 50 percent, while that from manufacturers rose 8.9 percent.
The sales tax on real estate soared 58.7 percent to 12.3 billion yuan, mainly due to the increased trading volume of the property market in the past few months, the ministry said.
A slower growth in trade activities bit into import and export taxes, while stamp duties on stock trading slumped amid a sluggish market.
Last month's total revenue came to 787.1 billion yuan (US$125.1 billion) and the rapid growth was mainly because of the low base a year earlier, the ministry said.
But on a monthly comparison, the fiscal income fell by 257.3 billion yuan from October's.
The value-added tax, the lion's share of the revenue, climbed 16.2 percent year on year to 220.5 billion yuan on a rebound in industrial output, the ministry said.
Corporate income tax paid by banks surged 50 percent, while that from manufacturers rose 8.9 percent.
The sales tax on real estate soared 58.7 percent to 12.3 billion yuan, mainly due to the increased trading volume of the property market in the past few months, the ministry said.
A slower growth in trade activities bit into import and export taxes, while stamp duties on stock trading slumped amid a sluggish market.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
