Source: CCTV.com

04-17-2008 11:31

China's tax revenues rose 34 percent from a year ago to 1.5 trillion yuan in the first quarter. The State Administration of Taxation cited strong economic growth for the rapid revenue growth.

China's tax revenues rose 34 percent from a year ago to 1.5 trillion yuan in the first quarter.

Value-added tax, consumption tax and business tax were up 25.2 percent. While corporate and personal income tax revenues were up 34.5 percent in the first quarter this year.

Revenues from the tax on stock trading grew almost 4-fold from the same period last year, mainly because China tripled the tax last May.

 

Editor:Xiong Qu