China's tax revenues increased by 20.4% year on year over the first three quarters of 2005, the State Administration for Taxation announced on Tuesday.
Excluding customs tariffs and agricultural taxes, total tax revenues for the first nine months of the year reached 2.32 trillion yuan (US$287 billion). The figures show that tax revenues grew by 20.4% in the first quarter, 22.9% in the second quarter and 17.8% in the third quarter.
Revenues from value added tax, consumption tax and sales tax grew by 18.7% and accounted for 49.4% of the overall revenues.
Corporate and personal income tax revenues grew by 33% and accounted for 37.5% of the total increased revenues, officials stated.
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