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    In 2010, The Personal Tax Budget Increased By 7.4% Over Last Year.

    2010/3/31 11:05:00 38

    Personal Income Tax

    Recently, the Ministry of Finance released the central budget data to the public through the portal website in 2010.

    The central fiscal revenue budget is 38060 billion yuan, an increase of 216 billion 386 million yuan over the number of implementation in 2009, an increase of 6%., and the central government expenditure of 46660 billion yuan, an increase of 275 billion 886 million yuan, an increase of 6.3%.

    The central fiscal revenue and expenditure balance, the deficit is 850 billion yuan, an increase of 100 billion yuan.



    Dai Baihua, a spokesman for the Ministry of finance, said that the government budget as a "account book" reflecting the country's revenue and expenditure is wider than the previous year.

    In 2010, the expenditure budget of the central level was further refined into 23 categories and 123 subjects, an increase of 82 items compared with 2009, and the budget pparency was further enhanced.

    The budget preparation statement is also published this time, so as to make it easier for all sectors of society to read out the national guidelines and policies and support the key points from the budget data.



    When introducing the balance of payments situation in 2010, the Ministry of Finance said that with the recovery of China's economy better, the fiscal environment in 2010 is generally better than that in 2009, but the situation is still extremely complex.

    This year, the central government spent 807 billion 782 million yuan on the livelihood expenditure related to education, medical and health, social security and employment, affordable housing and culture directly related to people's lives, an increase of 65 billion 134 million yuan over the previous year, an increase of 8.8%.



    About revenue budget



    Personal income tax is expected to increase by 17 billion 500 million.



    The Ministry of Finance revealed that in 2010, the domestic value-added tax budget was 15350 billion yuan, an increase of 143 billion 401 million yuan over the number of 2009 implementation, an increase of 10.3%.

    Mainly based on the 2010 GDP growth of about 8%, the increase in industrial added value above the scale of about 11%, as well as price level changes and other factors.



    The budget for personal income tax in 2010 was 254 billion 200 million yuan, an increase of 17 billion 528 million yuan over the 2009 figure and an increase of 7.4%.

    Mainly according to the expected growth of urban residents in 2010 and other factors.



    In 2010, the domestic consumption tax budget was 524 billion 100 million yuan, an increase of 48 billion 188 million yuan over the 2009 figure, an increase of 10.1%.

    Mainly based on the estimated sales of tobacco, liquor, finished products, automobiles and other commodities in 2010, and the factors such as raising the consumption tax rate of smoking products and increasing the income of tail products.



    In 2010, the corporate income tax budget was 806 billion 100 million yuan, an increase of 44 billion 218 million yuan over the 2009 figure, an increase of 5.8%.

    The main consideration is the profit of enterprises and the preferential policies of income tax for some small and small enterprises since 2010.



    In 2010, the stamp duty budget for securities pactions was 51 billion 600 million yuan, an increase of 2 billion 96 million yuan over the 2009 figure and an increase of 4.2%.

    It is mainly based on the expected stock trading volume in 2010.



    In 2010, the vehicle purchase tax budget was 133 billion 800 million yuan, an increase of 17 billion 483 million yuan over the 2009 figure, an increase of 15%.

    Mainly according to the expected sales growth of cars, and 1.6 liters and below displacement passenger car reduced 7.5% according to the vehicle purchase tax arrangement.

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