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Tibet’s tax revenue hits 20 bln yuan

By 智幸花 Source:China Tibet News 2016年10月25日 11:11

This year, by closely centering around the overall situation ofthe economic and social development, giving full play to the functions of tax, strengthening the management of tax collection, improving the quality of tax service, and further promoting the modern construction of tax, Tibet's tax work achieved the anticipated goal of the 13th Five Year Plan and made a good start. By the end of Oct. 19, Tibet's tax revenue reached 20.021 billion yuan, breaking through 20 billion yuan for the first time.

According to the analysis, sixty percent of Tibet's tax increment comes from commercial service industry and commercial industry. The second and third batch of industry tax is 3.74 billion yuan and 14.87 billion yuan respectively, increasing 25.9% and 31%, accounting for 20.1% and 79.8% of the overall tax. The income of commercial service industry increases 40.3% compared to last year, while the income of commercial industry increases 20.2%. The total income of the two industries increase 2.58 billion yuan and the contribution rate is 60%.

The domestic added-value tax reaches 6.35 billion yuan, accounting for 34.1% of the overall tax. The corporate income tax is 6.07 billion yuan, accounting for 32.6% of the overall tax. The individual income tax is 2.48 billion yuan, accounting for 13.4% of the overall tax. The contribution rate of domestic added-valuetax to overall tax is 63.1%, while the income tax is 51.5%.

It is said that economic factor is one of the reasons that influence the rapid growth of tax revenue. In recent years, Tibet's economy always keeps a double digit growth, providing basis of revenue sources for the increasing of tax revenue. Among which, the tax revenue of commercial industry, construction industry, non-metallic industry, real estate industry and financial industry is increasing with a double-digit growth.

The other factor is policy. By the end of August,  taxpayers of the experimental units that implementing policy "replacing the business tax with a value-added tax" reach 55725 households. Among which, general taxpayers are 1604 households and small-scale taxpayers are 54121 households. From May, 2016 to now, taxpayers of added-value tax make a net tax cuts of 280 million yuan.

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