19 September 2018

Oct fiscal income up 16.2% at 1.21 trillion yuan, MoF says

The government’s fiscal revenue in October rose 16.2 percent to 1.21 trillion yuan (US$198.58 billion) from a year earlier, according to data published Wednesday on the website of the Ministry of Finance. Central government revenue increased 16.9 percent to 598.5 billion yuan, while that of local governments was up 15.5 percent at 615.1 billion yuan. Revenue from corporate income tax grew 19.5 percent to 309.4 billion yuan, the data showed.

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