Experts from the State Taxation Administration estimate that over
20 billion yuan (nearly US$2.5 billion) will be wiped off China's
total tax revenues for this year as a result of SARS.
The latest report from the State Taxation Administration indicates
that tax revenue saw a 25 percent increase during the first five
months of this year compared with the same period last year, but
experts say this increase will be halted in the wake of SARS.
They say the decrease in revenue was first seen in Guangdong
province and Beijing, and the impact on the entire nation will
become apparent in June and July.
(CRI online June 16, 2003)