Month: April 2018

China’s tax revenue increased 13.6% in the first quarter

China’s fiscal revenue grew 13.6% year-on-year in the first quarter of 2018, to reach 5.05 trillion yuan (806,000 million dollars, 650,000 million euros), the Ministry of Finance reported today. During the period between January and March, revenues increased by 28% in the concept of excise taxes, 21.1% in the case of commercial value-added taxes (VAT) …

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