China collected 17 percent more in personal income
taxes last year surging to 245 billion yuan (US$30.63 billion),
according to the State Administration of Taxation (SAT).
Analysts with SAT attribute the increase to rising
China's GDP grew by 10.7
percent in the first three quarters in 2006 during which 9.32
million people found jobs in the urban areas.
The comparatively developed east coast areas such as
Yangtze River Delta and Zhujiang Delta contributed most to the tax
According to regulations promulgated by SAT this year,
individuals with annual incomes of more than 120,000 yuan must pay
personal income tax and voluntarily declare all of their
China's tax revenue from all
sources hit a new high in 2006, jumping 21.9 percent year on year
to 3.7636 trillion yuan, said the SAT.
(Xinhua News Agency January 8, 2007)