Reported 7 months ago
With the expansion of the economy, the business tax revenue in May reached 110.2 billion yuan, hitting a record high for the month. The Department of Statistics of the Ministry of Finance announced that the actual tax revenue in May was 609.8 billion yuan, with significant increases in business tax and securities transaction tax, narrowing the year-on-year decline in overall tax revenue to 1.9%. Various factors such as economic growth in retail, catering, and industrial production contributed to the surge in business tax revenue, among other taxes showing record highs in May.
Source: YAHOO