Beijing collected local tax revenue of 43.58 billion yuan (5.25 billion US dollars) in the first half of this year, up 19.3 percent year-on-year, according to the Beijing Local Taxation Bureau.

But the rise gap in tax revenue was lower than the national average,3 percentage points lower than the average rise recorded by the city over the past 3 years, said Su Wenquan, spokesman of the bureau.

The municipal taxation bureau has registered 566,000 tax payers by the end of June this year, or 62,000 more enterprises than the figure at the beginning of this year.

The bulk of tax revenue of the city such as business tax, individual income tax and income tax by enterprises as well as real estate contract tax amounted to 36.9 billion yuan (4.45 billion US dollars) in the first half of this year, or 85 percent of the total.

And the sectors such as the manufacture, construction, real estate, finance and other service businesses completed taxes totaling 29.25 billion yuan (3.52 billion US dollars) in the first half year, accounting for two thirds of the total.

Source: Xinhua