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China's personal income tax up 17.1 percent in 2006 |
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Written by Ralf
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Sunday, 25 February 2007 |
Bank figures indicated that the outstanding Renminbi-dominated deposits rose 16.8 percent year on year by the end of January to 34 trillion yuan.
Tax on wages jumped 10.2 percent to 126.4 billion yuan last year, 11.7 billion yuan more than the previous year.
A survey on 56,000 households in 32 regions in China show that the national average per capita income reached 1,059.89 yuan in the first 11 months last year. Beijing registered a monthly per capita income of 1,878.32 yuan, the highest in the country.
Excluding customs duties and agricultural tax, China posted a tax revenue of 3.76 trillion yuan (482.5 billion U.S. dollars) in 2006, an increase of 21.9 percent year-on-year.
Meanwhile, preliminary estimations show its GDP totaled 20.94 trillion yuan last year, up 10.7 percent.
Source: Xinhua
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