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Before April, The National Tax Revenue Increased By 30%.

2010/5/17 14:11:00 30

Taxation



 

Data released yesterday by the State Administration of Taxation (hereinafter referred to as the "State Administration of Taxation") showed that the national tax revenue continued the fourth quarter growth momentum in the month of 1~4, and completed 26282 billion yuan, an increase of 33.2% over the same period last year and an increase of 654 billion 500 million yuan.



However, the State Administration of Taxation said that the increase in tax revenue in the previous April was due to a relatively low base last year. In 2009, 1~4 tax revenue decreased by 8% compared with the same period last year. The average monthly income of 1~4 this year is 10.7% compared with that of 2008 1~4. The tax revenue of 1~4 month is a recovery growth this year.



According to the grading, the central and local tax coordination growth was 34% and 31.9% respectively. The tax revenue category saw that the main tax categories grew fairly fast, of which the domestic value-added tax grew by 13.7%, the domestic consumption tax increased by 57.7%, the business tax increased by 37.9%, the corporate income tax increased by 41.1%, the personal income tax increased by 21.8%, the vehicle purchase tax increased by 63.5%, and the customs levy tax on imports increased by 56.3%.



The State Administration of Taxation has analyzed that the tax revenue of 1~4 months will continue to maintain a relatively fast growth this year, which mainly includes economic growth, tax policy adjustment and the income increasing effect brought by some policies.



First of all, economic growth lays the foundation of tax revenue for tax growth.



At the same time, the added value of industrial enterprises, total retail sales of social consumer goods, total value of imported goods, real estate investment and profits of Industrial Enterprises above designated size increased significantly, leading directly to domestic value-added tax, customs levying import tax, business tax and enterprise income tax.



Secondly, tax policy adjustment brings tax revenue increase. In 2009, the structural tax reduction policy against the international financial crisis promoted economic growth and fostering tax sources.



In addition, some increase policies continue to be reflected, such as the refined oil tax reform and the adjustment of the cigarette consumption tax policy. The income of refined oil and cigarette consumption tax increased by 51.7% and 58.9% respectively in 1~4 month, which increased by 66 billion yuan, accounting for 10.1% of total revenue.



The vehicle purchase tax rate increased from 5% to 7.5% under the 1.6 liters of vehicle exhaust tax, which resulted in a substantial increase in vehicle purchase tax.

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