Guangdong builds harmonious tax environment

Guangdong builds harmonious tax environment
By Xiao Zhan (China Daily)
Updated: 2006-04-19 09:05

Official statistics indicate that Guangdong has occupied a top position in the nation's local taxation sector for 12 years consecutively and the province has outstanding advantages in taxation, management systems, information technology development, taxation administration and supervision, and taxation service.

The tax revenues collected by the provincial local taxation bureau stood at 135.13 billion yuan (US$16.66 billion) in 2005, an increase of 17 per cent from 2004.

The Pearl River Delta cities contributed a handsome share of the total taxes levied last year.

Social pensions collected in the province (excluding Shenzhen) were worth 47.8 billion yuan (US$5.89 billion) in 2005, up 18.8 per cent from a year ago.

Statistics from the State Administration of Taxation show that Guangdong's local taxation had surpassed 400 billion yuan (US$49.32 billion) by late 2005, followed by Shanghai, Jiangsu, Beijing, Zhejiang, Shandong, Liaoning and Tianjin.
Director Wu said, "We are confident in making new headway in the 11th Five-Year Programme."

In another development, Guangdong Local Taxation Academy recently joined hands with the finance and taxation research institute of Jinan University to set up a local taxation research centre in Guangzhou.

The centre aims to become an important channel for innovative taxation theory for the academy as well as a research platform for the university.

About the bureau

Founded in 1994, the Guangdong Local Taxation Bureau is under the dual leadership of both the provincial government of Guangdong and the State Administration of Taxation.

Being a functional department of the provincial government, the bureau is primarily responsible for the administration and collection of 15 taxes including business tax, enterprise income tax, foreign-invested enterprise income tax in the cities of Shenzhen, Zhuhai and Dongguan, land appreciation tax and stamp taxes, as well as social pension, education surcharge, and construction fee for cultural facilities.

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