China's 2012 tax incomes rise 11.2%
Updated: 2013-01-16 13:31
(Xinhua)
|
||||||||
BEIJING - China collected 11.07 trillion yuan ($1.76 trillion) in taxation last year, an increase of 11.2 percent year-on-year, the State Administration of Taxation data showed Wednesday.
Of the incomes, export tax rebates grew 13.3 percent from a year earlier to 1.04 trillion yuan boosted by the country's favorable export policies, according to the data.
Money collected from personal income tax dropped 8 percent year-on-year, while the individual business tax income declined 12.5 percent, the data showed.
The government has stepped up tax reduction efforts over recent years in a bid to buoy the economy. In 2011, it raised income tax exemption thresholds for wage-earners and those owning individual businesses.
The incomes do not include customs duties and vessel tonnage taxes, the administration said.
Special Coverage
Related Readings
China to carefully study tax policies
China's property tax trial expansion in doubt
Tobacco control may entail price, tax rises
Tax growth slows for China's central SOEs
Tax cut to benefit 900,000 enterprises
- Li Na on Time cover, makes influential 100 list
- FBI releases photos of 2 Boston bombings suspects
- World's wackiest hairstyles
- Sandstorms strike Northwest China
- Never-seen photos of Madonna on display
- H7N9 outbreak linked to waterfowl migration
- Dozens feared dead in Texas plant blast
- Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
TCM - Keeping healthy in Chinese way |
Poultry industry under pressure |
Today's Top News
Boston bombing suspect reported cornered on boat
7.0-magnitude quake hits Sichuan
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
Beyond Yao
|
Money power |