China sees sharp rise in non-taxation income
Updated: 2012-08-29 16:50
By Zhao Yinan (chinadaily.com.cn)
|
||||||||
China has seen a sharp rise in non-taxation income in the first half of the year, compared with a slowing pace of tax revenue, the top finance official said on Wednesday.
Xie Xuren, minister of finance, told lawmakers in a report on the budget execution in the first six months of the year that the central government has received more than 230 billion yuan ($36.1 billion) in the first six months, a 49.3 percent increase year-on-year.
The figure strikes a stark contrast to tax revenue income growth in the same period, which stood at 7.6 percent.
In particular, two major taxes for the central revenues, domestic value-added tax and domestic consumption tax increased 6.4 percent and 11.7 percent, respectively, the minister said.
Xie said that non-taxation income increased considerably due to the oil prices surge and other factors.
Non-taxation income include administrative fees, fines and other incomes, according to the Ministry of Finance's website.
Relief reaches isolated village
Rainfall poses new threats to quake-hit region
Funerals begin for Boston bombing victims
Quake takeaway from China's Air Force
Obama celebrates young inventors at science fair
Earth Day marked around the world
Volunteer team helping students find sense of normalcy
Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
|
|
|
|
|
|
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
|
|














