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The effect of tax cuts continues to show that fiscal revenue increased by 3.8% in October

author:admin release date:2020-01-05 view: QR code sharing

Beijing, November 19 (Reporter Wang Guan) Ministry of Finance released on the 19th fiscal revenue and expenditure shows: January-October cumulative, the country's general public budget revenue of 16770.4 billion yuan, an increase of 3.8% yoy, an increase of 3.6 percentage points compared to the same period last year. The country's general public budget expenditure was RMB1958.7 billion, up 8.7% YoY and 1.1 percentage points higher than the same period last year.


The effect of tax cuts continues to show, and related tax revenues are down year-on-year. From January to October, the country's tax revenue was RMB1415.14 billion, up 0.4% YoY, and the cumulative increase was 0.8 percentage points higher than in January-September. The rebound in tax revenue growth in the month, mainly in the fourth quarter of last year to consider the introduction of a larger tax reduction fee, in order to early support enterprises to rescue the relief, the tax department in accordance with the law to handle part of the deferred payment of taxes, resulting in a lower income base in the same period last year. After this factor, tax revenue fell by about 4% in the month, continuing the trend of sustained negative growth since May.


Multi-channel invigorating state-owned resource assets to increase non-tax income, related to fee reduction policy related income continues to decline. From January to October, china's non-tax revenue was RMB2619 billion, an increase of RMB558.1 billion, or 27.1%, over the same period last year. The high increase was mainly due to the increase in non-tax revenue through the payment of profits by specific state-owned financial institutions and state-owned enterprises, as well as multi-channel activities of state-owned resourceassets. Revenue from administrative fees and charges fell by only 0.2% in The January-October period, up from 18.6% in the same period last year. From July 1st, some administrative business charges, such as radio frequency occupancy fees and trademark registration fees, decreased significantly: from January to October, administrative fees for industrial and information industries decreased by 53%, and market supervision administrative fees decreased by 31.6%.


Statement: Tax reduction effect continues to show the previous October fiscal revenue increase of 3.8% news reprinted from the People's Network, Inner Mongolia desulfurization denitrification equipment on November 20, 2019 to share!


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