Local Revenue


April, 2011

In April, the local government revenues of the Municipality amount to RMB 38.72 billion, RMB 7.44 billion or 23.8% higher than the previous year, in which the Municipal-level revenues amounts to RMB 21.36 billion, RMB 4.24 billion or 24.8% up from the previous year. Among the major items, VAT increases by 14.5%, business tax increases by 9.5%, corporate income tax increases by 18.4%, and personal income tax increases by 31.1%. The total local government revenues of the Municipality from January to April amount to RMB 142.18 billion, 33.2% higher than the previous year.

Owing to the Municipality's stable economic growth, the prosperity of its consumption and services market, and the enforcement of relevant State and Municipal taxation policies, the local government revenues keep growing fast in April, but the growth is lower than the previous month.