(MENAFN) Fiscal revenue in China surged 10.1 percent last year when compared to year before it, hitting USD2.11 trillion, Xinhua reported
However, the country's Ministry of Finance said the growth pace had slowed down from 12.8 percent in 2012 and 24.8 percent in 2011
Tax revenues accounted for USD1.8 billion, going up 9.8 percent year-on-year. Growth, on the other hand, was down 2.3 percentage points from 2012
Revenues from domestic value-added tax increased 9 percent to USD472 billion last year, while from domestic consumption tax increased 4.5 percent to USD135 billion
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.