日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

China's tax revenue growth slows in H1

Xinhua | Updated: 2013-07-30 09:13

BEIJING - The Ministry of Finance (MOF) announced Monday that China's tax revenues, a major source of the government's fiscal income, grew at a slower pace in the first half of this year.

During the January-June period, the government collected tax revenue totalling 5.93 trillion yuan ($961 billion), up 7.9 percent year on year but slower than the 9.8-percent increase seen in the same period last year, the MOF data show.

The revenue from domestic value-added tax (VAT), a type of tax levied on the difference between a commodity's retail price and production cost, increased 6.6 percent to 1.43 trillion yuan, down 1.5 percentage points from the growth seen in the first half of 2012.

The subdued growth in VAT revenues was due to slower expansion in industrial added-value, falling prices, a persisting downturn in markets for some raw materials and energy products, as well as structural tax cuts, according to the MOF.

Consumption tax revenues increased 3.6 percent year on year to 435.35 billion yuan, 8.1 percentage points lower than the growth rate for the same period last year.

But the MOF noted fast expansion in tax revenues for turnover tax, especially in the real estate sector and the construction industry, due to warming property transactions in the first half of the year.

In the first six months, turnover tax revenues grew 12.9 percent to 884.51 billion yuan, compared with a 9.6-percent increase in the first half of 2012. Turnover tax collected from the property sector and the construction industry surged 45.7 percent and 18.0 percent year on year, respectively.

The revenue growth for corporate income tax also slowed, with the category's total tax revenues up 14.2 percent to 1.50 trillion yuan, while revenues from personal income tax broke through the decline seen in the same period last year, increasing 11 percent to 363.08 billion yuan.

The MOF has attributed the fast growth in personal income tax revenues to higher disposable personal incomes and rising transaction prices in second-hand home sales.

Fiscal revenue in China includes taxes, administrative fees and other government income, including fines and earnings from State-owned assets.

Previous MOF data show that China's fiscal revenue growth decelerated to 7.5 percent in the first half on the back of a continuous economic slowdown and the country's structural tax reforms, including a pilot program to reduce Chinese companies' tax burden by replacing the turnover tax with VAT.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 国产50页 | 国产一级在线播放 | 密桃成人av | 成人字幕 | 亚洲天堂网在线观看 | 国产成人看片 | 福利av在线 | 亚洲一级网站 | 日韩av大片 | 黄色成人影视 | 一级免费av | 欧美少妇一区 | 久久高清精品 | 极品盗摄国产盗摄合集 | 国产日韩精品视频 | 天天操夜夜逼 | 一区二区三区美女视频 | 特级特黄aaaa免费看 | 国产成年人在线观看 | 亚洲精美视频 | 超碰97久久| 久久精品一二 | 国产原创 | 四虎成人在线观看 | 日韩在线观看第一页 | 亚洲免费网址 | 午夜免费福利 | 国产在线观看a | 国产小视频你懂的 | 一本一本久久a久久精品牛牛影视 | 久久av一区二区三区 | 青青草日本 | 久久亚洲精品国产 | 伊人成综合 | 一区在线观看视频 | 欧美性综合| 伊人久久99 | 天天躁日日躁aaaaxxxx | 成人免费网址 | 日韩av手机在线免费观看 | 成人在线视频免费看 |