男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

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: 甘孜| 金门县| 犍为县| 镇安县| 晋中市| 柳河县| 安国市| 桃江县| 通江县| 普兰店市| 东至县| 云阳县| 湟源县| 永宁县| 靖边县| 囊谦县| 紫阳县| 石渠县| 崇阳县| 安福县| 香港 | 普陀区| 平舆县| 翼城县| 洛南县| 日照市| 扎赉特旗| 龙井市| 芮城县| 子长县| 太康县| 阿拉善右旗| 云林县| 湖口县| 房产| 邢台县| 竹溪县| 阿拉善盟| 宜宾县| 泊头市| 满洲里市|