“十四五”税费收入或超155万亿元！国家税务总局，最新发声→

Core Insights - The tax revenue during the "14th Five-Year Plan" period is expected to exceed 155 trillion yuan, accounting for approximately 80% of total fiscal revenue [1][3] - The structure of the tax system is continuously optimized, with direct taxes surpassing 40% of total tax revenue, reflecting an enhancement in the tax distribution function [3] - The manufacturing sector contributes about 30% to tax revenue, indicating its crucial role in the economy, while high-tech industries are growing at an annual rate of 13.9% [4][6] Tax Revenue and Economic Growth - Tax revenue is expected to match GDP growth, with tax revenue (excluding export tax rebates) projected to exceed 85 trillion yuan [3] - The tax structure shows a steady increase in direct taxes, which rose by 1 percentage point compared to the "13th Five-Year Plan" period [3] - The modern service industry, particularly information software and technology services, is experiencing the fastest growth in tax contributions [3] Economic Development and Tax Policy - The cumulative new tax reductions and exemptions during the "14th Five-Year Plan" are expected to reach 10.5 trillion yuan, significantly supporting economic growth [5] - The sales revenue from the manufacturing sector remains stable at around 29%, while high-tech manufacturing's share has increased from 15.3% in 2020 to 16.9% in the first half of this year [4] - The contribution of private enterprises to tax revenue has increased, with their sales revenue rising from 68.9% in 2020 to 71.7% in the first half of this year [6] Personal Income Tax and Income Distribution - The personal income tax system has shown a significant effect on income distribution, with the top 10% of earners contributing about 90% of total personal income tax [2][7] - Individuals with an annual income below 120,000 yuan generally do not pay personal income tax after deductions [2] - The high deduction standards in the personal income tax system, such as the 60,000 yuan threshold, cover a large portion of the population, particularly benefiting middle-income earners [8]