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

Business / Macro

Slowdown bites into China's 2012 fiscal revenues

(Xinhua) Updated: 2013-01-23 10:25

BEIJING - China's fiscal revenue growth slowed sharply in 2012 due to an economic downshift and tax breaks, the Ministry of Finance said Tuesday.

National fiscal revenues rose 12.8 percent year-on-year to 11.7 trillion yuan ($1.9 trillion), with the growth rate dropping 12.2 percentage points from a year earlier, the MOF said in a statement.

The ministry attributed the slowdown to a softening economy, weakening corporate profits, milder inflation and structural tax breaks.

Of the total fiscal revenues, tax revenues reached 10.1 trillion yuan, up 12.1 percent from a year earlier, but the growth rate was down 10.5 percentage points from the 2011 level.

Fiscal revenues in China include taxes, as well as administrative fees and other government income, such as fines and income from state-owned assets.

Revenues from value-added taxes increased 8.9 percent to 2.6 trillion yuan, while those from business taxes went up 15.1 percent to 1.6 trillion yuan.

In breakdown, business tax revenues in the property and construction sector jumped 11.6 percent and 18.6 percent, respectively, while those in the financial industry surged 32.7 percent due to increases in loan interest.

Corporate income tax revenues gained 17.2 percent year-on-year to 2 trillion yuan. Banks paid 41.9 percent more for income tax, while the income tax revenues of industrial enterprises inched up 2.6 percent, weighed on by slowing profits growth in 2012.

Individual income tax revenues dipped 3.9 percent to 582 billion yuan, affected by the government's move in September 2011 to raise the threshold at which individuals must pay income taxes from 2,000 yuan to 3,500 yuan.

On a quarterly basis, China's fiscal revenue growth recovered to 19.9 percent in the fourth quarter of 2012 from 14.7 percent in the first quarter, 10 percent in the second and 8.1 percent in the third quarter.

The fourth-quarter rebound was mainly caused by a low base in the same period of 2011, the MOF said.

 

Related Readings

Fiscal deficit could widen to $192b next year

Finance official warns of fiscal pressure

Nov fiscal revenue up 21.9% year-on-year

Government 'snatches big enough slice of fiscal pie'

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
噶尔县| 拉孜县| 中卫市| 棋牌| 鄂托克旗| 邹城市| 溆浦县| 获嘉县| 康定县| 石门县| 东明县| 昆山市| 柳林县| 铜川市| 松潘县| 开封市| 沈阳市| 弥渡县| 团风县| 广灵县| 古浪县| 衡山县| 康平县| 绥江县| 望江县| 民和| 西华县| 黄骅市| 墨竹工卡县| 环江| 夹江县| 石景山区| 西畴县| 孙吴县| 师宗县| 宁化县| 昭苏县| 朝阳市| 屏山县| 崇礼县| 栾川县|