Local Revenue

 

November, 2010

In November 2010,the local government revenues of the Municipality amount to RMB 18.41 billion, RMB 2.27 billion or 14.1% higher than the previous year, in which the Municipal-level revenues amount to RMB 7.68 billion, RMB 0.2 billion or 2.6% up from the previous year. Among the major revenue items, VAT drops by 7.4%, corporate income tax increases by 1.8%, personal income tax increases by 20.9%, and contract tax is down by 1.2%.

The growth of local government revenues is rather high early this year and slows down later. The total local government revenues from Jan. to Nov. 2010 amount to RMB 272.29 billion, 14.8% higher than the previous year.