Home / News Type Content Tools: Save | Print | E-mail | Most Read | Comment
Tax Revenue of Private Enterprises Totals US$96.3 Billion
Adjust font size:

The total tax revenue from China's domestic private enterprises in the past five years reached 770.56 billion yuan (US$96.3 billion) reports the State Administration of Taxation.

According to statistics released by the administration on Monday the total tax revenue is nearly eight times that of the previous five-year period between 1996 and 2000.

The administration said in the past five years the tax revenue from private enterprises reached a record annual growth rate of 45.3 percent with its share of the national total tax revenue increasing from 2.2 percent during 1996-2000 to 7.1 percent.

The tax revenue of China's state-owned enterprises only increased 6.9 percent to about 3.1 trillion yuan (US$387.5 billion) in the past five years with its share of the national total dropping from 52.3 percent to 28.3 percent.

Officials said the change was a result of China's economic structure reforms through which a number of state-owned enterprises changed into joint-stock or joint-venture companies.

But the administration acknowledged that the public sector is still in a dominant position in China's economic structure with its total tax revenue in the past five years amounting to 1.32 trillion yuan (US$165.4 billion), 43.7 percent of the national total.

The public sector includes the country's state-owned firms, collective and all state-holding enterprises, cooperative ventures, joint-stock businesses and ventures.

(Xinhua News Agency March 15, 2006)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Nation Sets 'Green' Tax Incentives
- China Outlines 2006 Tax Reforms
- Premier Calls for Improving Tax Collection Work
- Tax Reforms Target Social and Economic Development
- 20% Growth in Tax Revenues
- China to Unify Corporate Income Tax
Most Viewed >>
- World's longest sea-spanning bridge to open
- Yao out for season with stress fracture in left foot
- 141 seriously polluting products blacklisted
- China starts excavation for world's first 3G nuclear plant
- Irresponsible remarks on Hu Jia case opposed 
- 'The China Riddle'
- China, US agree to step up constructive,cooperative relations
- FIT World Congress: translators on track
- Christianity popular in Tang Dynasty
- Factory fire kills 15, injures 3 in Shenzhen

Product Directory
China Search
Country Search
Hot Buys