国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Tax revenue up 25.5% in Q1

(Xinhua)
Updated: 2007-04-13 16:51

China's tax revenue reached 1.1 trillion yuan (147 billion U.S. dollars) in the first quarter of 2007, up a hefty 230 billion yuan -- or 25.5 percent -- on the same period last year, said the State Administration of Taxation (SAT) on Friday.

With the national economy performing robustly and expected to grow no less than 10.5 percent in the first quarter, the industrial sector chipped in 310.2 billion yuan in value-added tax, up 19.7 percent on the same period last year, said SAT official Shu Qiming.

Related readings:

Tax self-declaration near goal

BJ sees 3.31b yuan income tax

Tax authorities pleased with early filings tally

Tax from the real estate industry jumped 35.3 percent in the first quarter, with investment in the sector, frequently cited as one of the engines of the country's economic growth, rising 24.3 percent in the January-March period.

With Chinese companies reporting higher profits, the country's tax revenue from foreign-invested enterprises, domestic enterprises and individuals amounted to 283.6 billion yuan in the first three months, an increase of 26 percent on the same period last year.

The stock market frenzy saw stamp duties on stock trading grow to 12.2 billion yuan in the first quarter, a 516 percent rise year on year.

Chinese investors opened 4.79 million new accounts for China's A-share stock exchanges in the first quarter in a race to cash in on the bullish equity markets, which was a 56 percent increase from the 3.08 million in the whole of 2006.

Increased revenues from import duties and motor vehicle purchase taxes also contributed to the growth, the SAT figures show.

The Chinese customs collected 141.9 billion yuan of import duties in the first quarter, up 27 percent from the same period last year.

The growth in import, driven by domestic demands, was a notable positive factor behind the increasing tax revenues, said Zhang Peisen, an analyst with the research arm of the SAT.

The country's imports increased 14.5 percent to 76.6 billion U.S dollars in March this year, dragging down the trade surplus by 38 percent year on year, compared with 11.2 billion U.S. dollars for March in 2006.

Zhang noticed that the country's new measure requiring high-income earners to file personal income tax returns might have helped a bit in ensuring more tax revenue.

He also disclosed that the government would initiate reforms of value-added tax in July, which was one of the major sources of the country's tax revenue.

Growing tax revenue would certainly help satisfy the needs for funds in such sectors as agriculture and education, which have been the great concerns of the government, Zhang told Xinhua.

The SAT official said strict implementation of tax policies had also played a role increasing tax revenue.

He said that the country gathered 8.8 billion yuan of value-added tax on land use in the first quarter, an 85 percent rise from the same period last year.

The administration retrieved 38.64 billion yuan in tax revenue in 2006through cracking down on tax-related illegal activities, such as tax evasion and forging value-added tax invoices.

Tax revenues from the economically-developed eastern and central parts of China rose 24.9 percent and 24.6 percent to hit 792 billion yuan and 176 billion yuan respectively, while taxes from the underdeveloped west jumped by 30 percent to reach 160 billion yuan.

The east region accounted for 70.2 percent of the country's total tax revenue for the first quarter, the central region 15.6 percent, and the west 14.2 percent.

 


(For more biz stories, please visit Industry Updates)



蓬安县| 越西县| 汾阳市| 门源| 大埔县| 永吉县| 得荣县| 宜阳县| 吴忠市| 上栗县| 札达县| 宝清县| 永顺县| 靖州| 高邮市| 田阳县| 彰化县| 松江区| 洛阳市| 龙里县| 景谷| 哈尔滨市| 揭东县| 琼结县| 达尔| 塘沽区| 铜陵市| 博兴县| 平果县| 武胜县| 拜城县| 灵石县| 闻喜县| 平陆县| 静海县| 内丘县| 抚顺县| 正镶白旗| 蛟河市| 集安市| 武强县|