State Administration of Taxation: Tax revenue will account for 15.1% of GDP in 2021

2022-07-06 0 By

China New Business On January 26, 26, the State Information Office held a press conference on tax cuts and fees to promote development and strong confidence, Wang Daosu, deputy director of the State Administration of Taxation, said that in 2021, tax revenue accounted for 15.1% of GDP, showing a steady trend of slight decline.According to Wang, in 2021, the tax revenue organized by tax authorities nationwide (after deducting export tax rebates) amounted to 15.4573 trillion yuan, accounting for 76.3 percent of the country’s general public budget revenue, 1.5 percentage points higher than that in 2020, further strengthening the role of collecting national wealth.”A total of 13.26 million tax-related market entities were added, further strengthening market vitality.In 2021, 13.26 million tax-related market entities were newly established nationwide, up 15.9 percent year-on-year and 12.9 percent on average over the past two years.At the same time, market players have been growing. By the end of 2021, the number of general VAT taxpayers reached 12.381 million, an increase of 1.109 million compared with the end of 2020.””Wang Said.(after)