Local Revenue


May, 2011

In May, the local government revenues of the Municipality amount to RMB 34.45 billion, RMB 8.19 billion or 31.2% higher than the previous year, in which the Municipal-level revenues amounts to RMB 15.87 billion, RMB 4 billion or 33.7% up from the previous year. Among the major items, VAT increases by 7.5%, business tax increases by 3.6%, corporate income tax increases by 6.94%, and personal income tax increases by 30%,. The total local government revenues of the Municipality from January to May, 2011 amount to RMB 176.63 billion, 32.8% higher than the previous year.

Owing to the city's stable economic growth, profitable operation of business enterprises, and the enforcement of relevant State and Municipal taxation policies, the local government revenues keep growing fast in May, 7.4% higher than the previous month.