NEWSGD.COM
Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Current Home > Business > Biz Headlines
China collects 245b yuan in income tax
Latest Updated by 2007-01-09 14:33:09
Related News
China to unify corporate income tax rates at 25%
Nation to accelerate standardization of corporate tax
Individuals with an annual income over RMB 120,000 shall declare income tax
Increase resource tax in minority areas
1,000 kinds of fees on taxi drivers canceled
Business News
New agency may run financial assets
Rising grain prices will push up CPI
China collects 245b yuan in income tax

China collected 17 percent more in personal income taxes last year surging to 245 billion yuan (30.63 billion U.S.dollars), according to the State Administration of Taxation (SAT).

Analysts with SAT attribute the increase to rising incomes.

China's GDP grew by 10.7 percent in the first three quarters in 2006 during which 9.32 million people found jobs in the urban areas.

The comparatively developed east coast areas such as Yangtze River Delta and Zhujiang Delta contributed most to the tax revenue.

According to regulations promulgated by SAT this year, individuals with annual incomes of more than 120,000 yuan must pay personal income tax and voluntarily declare all of their income.

China's tax revenue from all sources hit a new high in 2006, jumping 21.9 percent year on year to 3.7636 trillion yuan, said the SAT.

Editor: Yan

By: Source: China View website
Previous:  Rising grain prices will push up CPI  Next:Sci-tech R&D to be Guangzhou's forte


Belarus halts Russian oil flow to Europe


[Shenzhen] Doctors, nurses face daily attacks over patient death


[Guangzhou] Eight New Attractive Places of Liwan District Selected


23% box throughput growth at Zhanjiang port


Nanjing Massacre victims remembered
This site contains material from other media for content enrichment purpose only.
The Southcn.com website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of Southcn.com are those of the authors and/or publishers. The Southcn.com website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact Southcn.com within thirty (30) days. Email: falv@southcn.com
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
   
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips