Ministry of Finance: The personal income tax budget this year is 635 billion yuan, an increase of 1.9%

  China-Singapore Jingwei client June 17th-The Ministry of Finance released data on the 17th that the 2020 general public budget revenue budget is 827.7 billion yuan, a 7.3% decrease from the previous year’s implementation, mainly based on the economic impact of the new coronary pneumonia epidemic. Factors such as impact, price level changes, and implementation of tax and fee reduction policies are expected.

  Specifically:

  1. The domestic value-added tax budget is 2.87 trillion yuan, a decrease of 246.101 billion yuan or 7.9% from the number of implementations in 2019, mainly based on factors such as the impact of the epidemic on the production and operation of the enterprise, the implementation of the VAT tax reduction policy and the expected value of industrial and commercial added value. Estimate.

  2. The domestic consumption tax budget is 125.2 billion yuan, a decrease of 4.152 billion yuan or 0.3% from the number of implementations in 2019, mainly based on factors such as the estimated sales volume and price of commodities such as tobacco and refined oil .

  3. The total value-added tax, consumption tax and tariff budget of imported goods is 160.6 billion yuan, a decrease of 264.141 billion yuan or 14.1% from the number of implementations in 2019, mainly based on the impact of the epidemic on general trade imports and international commodity prices, and the implementation of value-added Factors such as tax reduction policies are calculated.

  4. The value-added tax rebate and consumption tax budget for exported goods was 1,214 billion yuan, a decrease of 436.32 billion yuan or 26.4% from the number of implementations in 2019, mainly due to the epidemic situation leading to a greater decline in exports and a corresponding reduction in export tax rebates.

  5. The corporate income tax budget is 2,366.5 billion yuan, a decrease of 12.1 billion yuan or 0.5% from the number of implementations in 2019, which is mainly based on the estimation of corporate profits after considering the factors affecting the epidemic situation.

  6. The personal income tax budget is 635 billion yuan, an increase of 11.586 billion yuan or 1.9% over the number of 2019 implementations, which is mainly calculated based on the estimated income of urban residents .

  7. The resource tax budget is 5.5 billion yuan, an increase of 188 million yuan or 3.5% over the number of implementations in 2019, which is mainly calculated based on the expected increase in sales of marine oil and gas resources.

  8. The urban maintenance and construction tax budget is 19 billion yuan, a decrease of 1.613 billion yuan or 7.8% from the number of implementations in 2019, which is mainly calculated based on the expected increase in the value-added tax and consumption tax related to the calculation and collection.

  9. The budget for stamp tax on securities transactions is 130 billion yuan, an increase of 7.062 billion yuan or 5.7% over the number of implementations in 2019, which is mainly calculated based on the forecast of the stock market transaction volume .

  10. The budget for ship tonnage tax is 5 billion yuan, a decrease of 26 million yuan or 0.5% from the number of implementations in 2019, which is mainly calculated based on the forecast of international maritime trade.

  11. The budget for vehicle purchase tax is 302 billion yuan, a decrease of 47.823 billion yuan or 13.7% from the number of implementations in 2019, which is mainly calculated based on factors such as the forecast of automobile sales.

  12. The budget for special income is 28 billion yuan, a decrease of 464 million yuan or 1.6% from the number of implementations in 2019, which is mainly based on the calculation of farmland water conservancy construction funds from local land transfer income and other factors.

  13. The budget for revenue from administrative fees is 40 billion yuan, a decrease of 341 million yuan or 0.8% from the number of implementations in 2019, mainly due to the continued implementation of clean-up to reduce fees.

  14. The budget for confiscation revenue is 13.2 billion yuan, a decrease of 21 million yuan or 0.2% compared with the number of executions in 2019. It is mainly calculated based on the estimated situation of the confiscation revenue for investigation and punishment by the customs, taxation, and judicial departments.

  15. The budget for operating income of state-owned capital is 143.8 billion yuan, a decrease of 522.103 billion yuan or 78.4% from the number of implementations in 2019, mainly due to measures taken by specific financial institutions and central enterprises to turn over profits last year.

  16. The budget for the paid use of state-owned resources (assets) is 66 billion yuan, a decrease of 5.692 billion yuan or 7.9% from the number of implementations in 2019, which is mainly calculated based on the prospecting of the transfer of exploration rights and mining rights and the income from occupation fees.

  17. The budget of other income is 9 billion yuan, which is 142 million yuan less than the number of implementation in 2019, a decrease of 1.6%. (Sino-Singapore Jingwei APP)