In the first nine months year-on-year growth of 12.1% business tax increase compared to the same period last year dropped

Beijing on October 22 (xinhua) -- today, the ministry of finance released the first three quarters of 2012 national tax income situation analysis report, 1-9 month, business tax to realize income is 1.16231 trillion yuan, a year-on-year increase of 12.1%, more than the same period last year dropped 11.9% growth. Business tax income tax revenue accounted for the proportion of 15%.

The report points out, never the same look, lease and business services and real estate business tax income drop, drop respectively compared to the 16.8% and 0.2%, than the same period last year growth dropped 49.2 and 20.3% respectively. Construction, traffic and transportation business tax year-on-year growth of 16.8%, respectively, and 7.7%, but higher than the same period last year growth dropped 9.4 and 11.6% respectively.

Business tax is the tax base of transportation, construction, finance insurance, post and telecommunication industry, culture, sports &recreation, service, the transfer of intangible asset and sale real estate and nine industry achieved operating income.

In addition, the report says, the business tax revenue growth down main reasons: one is the commercial housing sales growth back, making the real estate business tax revenue decline. 1 - August commercial housing sales growth of 2.2%, more than the same period last year dropped 23.7% growth. The second is construction investment growth dropped, construction business tax corresponding back. 1 - August construction fixed asset investment grew 15.0%, growth than the same period last year dropped 28.2%. Three is the policy of reducing factors, such as: from November 1, 2011 onwards, the government raised the business tax threshold; Since January 1, 2012, in Shanghai transportation industry and modern service industry of the business change VAT pilot, so the two industry business tax income corresponding reduce. (Beijing financial channel)