Consumption Tax

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Last year, domestic consumption tax increased 85.3% year-on-year increase of 219.085 billion yuan

BEIJING, February 11 (Xinhua) The Ministry of Finance announced today the overall growth of tax revenue in 2009 years, the domestic consumption tax to achieve rapid growth. 2009, the domestic consumption tax completed 475.912 billion yuan, an increase of 219.085 billion yuan, an increase of 85.3% year-on-year, faster than the growth of 68.9%. Consumption tax, which accounts for 8% of total revenue, is 3.3% higher than in 2008. In the taxable items, the consumption tax increase in 2009 is mainly concentrated in the oil products, cigarettes, automobiles and wine, the four items of consumption tax increase in the total consumption tax increase.

China to increase consumption tax on tobacco products up to 56%

Approved by the State Council, the Ministry of Finance, the State administration of taxation recently made a major adjustment to the tobacco consumption tax policy, the consumption tax policy of tobacco products production has changed a lot, adjusted the tax price, increased the consumption tax rate, the cigarette wholesale link also added a price tax, the tax rate is 5%.  The new policy has been implemented since May 1. After the policy adjustment, the excise duty rate of a class of cigarettes was adjusted from 45% to 56%, and the category B cigarettes were adjusted from 30% to 36% and cigars from 25% to 36%. At the same time, the original Category B cigarette classification standards have also been adjusted, the original ...

Japan to raise domestic consumption tax, overseas users sea Amoy cost rise

Since April 1, Japan will raise its domestic consumption tax, from the current 5% to 8%, and do not implement the tax rebate policy purchased from abroad.   Because the policy on the Japanese Electric business website to purchase the same application, causing the Japanese overseas users sea Amoy costs rise. Policy has caused market volatility.   Those who are keen on the sea Amoy are starting at the end of March, to the Japanese Electric business website launched the last round of crazy robbery. In response to the Japanese consumption tax hike, the domestic network to buy marketing share platform "what is worth buying" has issued a warning to its users, pointing out the rise of Japanese consumption tax thorn ...

Lancome Cosmetics 50 Patrick Cream import price of 23 yuan to sell more than 600

In the import of high-priced goods tax or not decline in the debate, an important consideration is to reduce the import link tax to achieve price reduction, to solve the domestic and foreign the same brand price difference too big problem. So, the main reason for the formation of domestic and overseas spreads is only tax? As the main type of cosmetics abroad, how high is the import tax? Can the goal of substantial price reductions be achieved by lowering taxes?  Reporters in this in-depth investigation found: lower taxes caused by the reduction in the space is not really small. Not all imported cosmetics have to pay 30% consumption tax, non make-up cosmetics consumption tax for 01 imported ...

Special tax still pending approval of developers capital chain will be subject to a major test

Zhongqing as the inland region only one by one municipalities, is the first to levy real estate special consumption tax areas, the recent real estate market trends and policy implementation is our more concerned about the content, so recently we have a Chongqing government departments and some banks have conducted research. Among them, the main points related to real estate are as follows: first, special taxes still need to wait for progress. Chongqing's special consumption tax is a variant of the real estate tax, the current should still await the approval of the State Council procedures, there has not been further progress.  And even if the levy, due to higher starting point, the expected impact is limited. Second, public housing construction is ...

Experts say China's tobacco tax rate is still 10% worse than the international

CCTV News (Midnight News): With the approval of the State Council, the Ministry of Finance and the State administration of taxation have made major adjustments to the policy of consumption tax on tobacco products, while the maximum rate of consumption tax is adjusted to 56%, with an additional levy of 5% per cent of the price tax.  The new policy is to be implemented from May 1 this year. According to the latest policy, the excise tax rate of a class of cigarettes is adjusted from 45% to 56%, the B-type cigarettes are adjusted from 30% to 36%, and the cigars are adjusted to 25% by 36%. At the same time, the original Category B cigarette Division standards have also been adjusted, the original 50-yuan demarcation line up to 70 yuan, that is ...

June revenue rose 19.6% while fiscal surplus fell nearly 60% in the first half

Every reporter Liu Lin from Beijing yesterday, the Treasury released June revenue data. Data show that June China's fiscal revenue rose 19.6%, compared with the previous months of the year's year-on-year increase in the "jump" growth.  But this increase has not brought too much optimistic information on the fiscal revenue and expenditure, according to the Ministry of Finance, the first half of the fiscal revenue and expenditure data, the first half of this year, China's fiscal surplus shrank to 57.5%. Oil to promote consumption tax the Ministry of Finance said that June, the national revenue of 686.747 billion yuan, compared with the same month last year increased 112.365 billion yuan ...

October revenue increase 7.5% Securities trading stamp duty drop 57.2%

The Ministry of Finance 13th released data showed that the first 10 months of the national revenue achieved 7.5% growth, is gradually approaching the year's established 8% budget growth targets. October, the national revenue of 684.493 billion yuan, increased by 151.598 billion yuan in the same month last year, an increase of 28.4%.  January-October, the stock exchange stamp duty fell 57.2%. The Ministry of Finance said that the rapid income growth this month, in addition to stable economic recovery led to related tax increases, mainly by last October, the lower base of income, oil tax reform this year after the increase in consumption tax revenue and so on ...

The National revenue increase monthly recovery benefit oil tax reform

Xinhua Beijing, July 13, according to China's Ministry of Finance website News, the recent increase in revenue has rebounded to a considerable extent because of the oil tax reform after the transfer of consumption tax increased more and some one-off income increase, the foundation of sustained growth of fiscal revenue is not firm, the annual fiscal balance of payments contradictions are still outstanding.  According to the news, from the first half of the trend, the first 4 months of the national revenue fell 9.9%, May growth of 4.8%, June growth of 19.6%, the income growth in the last two months gradually rebounded. The message pointed out that the analysis of its main reasons, one is the economic operation appeared some ...

The black Horse of China's car from the low carbon environmental protection car

China News agency, Beijing, April 30 the latest data show that the first quarter of the Chinese auto industry, "Dark Horse" Changan car sales growth of about 76% Year-on-year, a jump ranked second in China's Auto list.  During the small displacement favorable policy vigorously led by the promotion of environmentally friendly Low-carbon China-Japan joint venture car Changan Suzuki and so on the work of the Khan Horse. China's auto market in 2009 showed a blowout growth, the country's implementation of small-displacement car consumption tax preferential policies played a crucial role. The "Green Future" theme of the Beijing Auto Show, which coincides with the Copenhagen Conference and the NPC's third session ...

Xuren: A step-by-step implementation of tax reform this year

The Ministry of Finance March 1 News, Treasury Secretary Xuren said in response to reporters that 2011 will be in some of the productive services sector in the field of value-added tax reform pilot, the corresponding reduction of business tax, from the system to gradually solve the problem of the tax policy of goods and services are not unified.  We should improve the consumption tax system, implement the personal income tax reform in a step-by-step way, further promote the reform of the resource tax and carry out the reform pilot. Xuren said that in 2010 the national fiscal deficit accounted for about 2.5% of GDP, and the debt balance was less than 20% of GDP, and it was within safe limits. 2011 continued to implement the knot ...

Experts say China's tobacco tax rate is still 10% worse than the international

CCTV News (Midnight News): With the approval of the State Council, the Ministry of Finance and the State administration of taxation have made major adjustments to the policy of consumption tax on tobacco products, while the maximum rate of consumption tax is adjusted to 56%, with an additional levy of 5% per cent of the price tax.  The new policy is to be implemented from May 1 this year. According to the latest policy, the excise tax rate of a class of cigarettes is adjusted from 45% to 56%, the B-type cigarettes are adjusted from 30% to 36%, and the cigars are adjusted to 25% by 36%. At the same time, the original Category B cigarette Division standards have also been adjusted, the original 50-yuan demarcation line up to 70 yuan, that is ...

Sinopec Response reported that the average export price of 2.4 yuan/litre of refined oil is free of tax price

According to the media on the "January-August this year, the average export price of domestic products for 2.4 yuan/liter" report, China Petrochemical Co., Ltd., chief analyst Zhou Johong, new wealth chief analyst Ying said such words seriously misled public opinion and consumers.  Zhou Johong, Ying that, according to customs statistics of the amount and quantity of the price is not included in the tax price, while the domestic sales of refined oil prices include value-added tax, consumption tax and urban construction tax and education fees attached, the two are not comparable. Zhou Johong stressed that the current domestic sales of the quality of steam and diesel in full compliance with national regulations ...

Property tax is difficult to introduce a real estate tax or substitute

After the new real estate control policy has been introduced, the rumours about the imposition of property tax policies to curb speculative home purchase have been continued, including retention tax, property tax, consumption tax and so on.  In this regard, the industry believes that the property tax in the short term may be difficult to launch, and expand the scope of tax revenue, and the possibility of its replacement is greater.  To curb the rapidly rising housing prices, 14th this month, the State Council convened a standing meeting to demand more stringent differential housing credit policies to curb speculative buying, and accelerate research to develop a reasonable guide to personal housing consumption tax policy. For differentiated credit policies, there are already "...

Ministry of Finance is considering consumption tax adjustment program

Reporter was informed, http://www.aliyun.com/zixun/aggregation/10776.html "> At present, the Ministry of Finance is considering the cancellation of the consumption tax on the products that need to be levied on the consumption tax and then gradually become the daily necessities. For example, the general cosmetics, at In 1994, when the consumption tax was put into effect, the standard of unified collection was adopted, but with the progress of society, cosmetics have also become necessities of life. Correspondingly, after the change of product attributes, the tax standards should also be adjusted. consumption...

June revenue rose 19.6% revenue contradictions still outstanding

Yesterday, the Treasury released June revenue figures. Data show that June China's fiscal revenue rose 19.6%, compared with the previous months of the year's year-on-year increase in the "jump" growth.  But this increase has not brought too much optimistic information on the fiscal revenue and expenditure, according to the Ministry of Finance, the first half of the fiscal revenue and expenditure data, the first half of this year, China's fiscal surplus shrank to 57.5%. Oil change to boost consumption tax the Treasury said that in June, the national revenue of 686.747 billion yuan, compared with the same month last year, an increase of 112.365 billion yuan, an increase of 19.6%. Among them, central ...

May revenue rose 4.8%

National revenue in May, the national revenue of 656.947 billion yuan, compared with the same month last year, increased 30.132 billion yuan, an increase of 4.8%. Among them, the central level income of 406.343 billion yuan, an increase of 5.7% per cent, local income of 250.604 billion yuan, an increase of 3.3%. Main income items: Domestic value-added tax fell 4.7% year-on-year, domestic consumption tax growth of 91.2% (excluding refined oil tax reform income factor increase in real growth of 9.1%), sales tax year-on-year growth of 14%, corporate income tax down 8.9%, personal income tax year-on-year.

The market liquidity is abundant today can return 2800

1. Wen Jiabao: Firm implementation of positive fiscal policy and moderately easy monetary policy "comments" since September 2008, the world economy has suffered the most serious challenges since the Great Depression of the last century. In order to cope with the severe impact of the international financial crisis and promote steady and rapid economic development, China should adjust its macroeconomic policy orientation in time, implement active fiscal policy and moderately loose monetary policy, and quickly introduce a package plan to promote steady and rapid economic development. Under the impetus of these policies, the investment growth rate is accelerated, the industrial production growth is stable, the economic operation appears positive change, the situation is better than expected. Although the economy back ...

Personal housing consumption tax or the recent introduction of developers crazy to find countermeasures

Yesterday, some media reported that the personal housing consumption tax will be introduced in the near future, Chongqing test plan has been approved by the decision-making level. In an interview with our correspondent yesterday, several tax experts also said the possibility of taxing the housing sector was high.  Some experts believe that the new real estate tax interim regulations are likely to be introduced in the first half. Shanghai or try to levy a "real estate tax" yesterday, media reports that the "two sessions" after the Zhongqing has "special real estate consumption tax" of the levy program reported to the State Council. Policy makers have approved local finance and taxation departments to prepare for the operation with the housing department. In addition, second-hand housing transactions tax ...

China's tobacco tax still has room to raise

With the approval of the State Council, the Ministry of Finance and the State administration of taxation have made major adjustments to the policy of consumption tax on tobacco products, and in addition to the maximum rate of consumption tax to 56%, an additional 5% per cent tax is levied.  The new policy is to be implemented from May 1 this year. A certain degree of relief to financial pressure the most striking aspect of this policy adjustment is the imposition of a tax on cigarette wholesale, with a tax rate of 5%.  Experts believe that the adjustment of tobacco consumption tax will help reduce the smoking population, while easing the national financial pressure to some extent. Kang, director of the Finance Science Institute of the Ministry of Finance, said January-April revenue was negative, giving ...

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