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Individual Income Tax Tops US$10b in 1H

China has collected a total of 88. 118 billion yuan (US$10.7 billion) of individual income tax in the first half of 2004.

 

Compared with the same period of 2003, the revenue has increased 15.056 billion (US$1.8 billion) or 20.6 percent, according to statistics released by the State Administration of Taxation.

 

The state administration also required taxation authorities to list new high-income sectors and readjust the list of new key taxpayers.

 

(Xinhua News Agency August 6, 2004)

 

 

Personal Income Tax to Stay As Is for Now
Taxation on High-income Earners Urged
Tax Policy Called for Change to Narrow Income Gap
East China Province Reports Major Income Tax Rise
Personal Income Tax Grows Fast in China
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