Core Insights - The national general public budget revenue for the first eight months of this year reached 14.82 trillion yuan, showing a year-on-year growth of 0.3%, with the growth rate improving by 0.2 percentage points compared to the first seven months [1] - Tax revenue for the same period amounted to 12.11 trillion yuan, a slight increase of 0.02% year-on-year, marking the first positive cumulative growth [1][2] Tax Revenue Growth - Major tax categories maintained positive growth, with domestic value-added tax at 47,389 billion yuan (up 3.2%), domestic consumption tax at 11,523 billion yuan (up 2%), corporate income tax at 31,477 billion yuan (up 0.3%), and personal income tax at 10,547 billion yuan (up 8.9%) [2] - Manufacturing and financial sectors showed rapid tax revenue growth, with manufacturing accounting for over 30% of total tax revenue and experiencing growth rates exceeding 5% [2] - High-end manufacturing sectors, such as railway, shipbuilding, aerospace, and other transportation equipment manufacturing, saw tax revenue growth exceeding 30% [2] Economic Factors Supporting Tax Revenue - The increase in tax revenue is attributed to a series of effective policies and a stable economic environment, leading to high-quality development [4] - The capital market's active trading in July and August contributed significantly, with the Shanghai Composite Index surpassing 3,800 points and A-share total market value exceeding 100 trillion yuan [4] - Tax revenue from the securities industry grew over 70%, while insurance industry tax revenue increased by over 10% during the same period [4] Compliance and Taxpayer Awareness - Enhanced awareness of lawful and honest tax payment among taxpayers has been noted, supported by tax authorities' efforts in promoting compliance and fair taxation [5] - The increase in tax revenue is also influenced by a lower base from the previous year, which may lead to a potential decline in growth rates in the fourth quarter due to a higher base effect [5] Fiscal Expenditure and Policy Outlook - National general public budget expenditure has been growing, with social security and employment spending increasing by 10% and education spending by 5.6% in the first eight months [8] - The overall fiscal situation is improving, with expectations for continued positive trends in revenue and expenditure in the latter half of the year [8] - Future tax administration will focus on legal fairness and compliance management to foster a favorable business environment for high-quality economic development [8]

来源：人民日报海外版 作者：汪文正 财政部近日发布的数据显示，今年前8个月，全国一般公共预算收入14.82万亿元，同比增长0.3%，增幅 比前7个月提高0.2个百分点；全国税收收入12.11万亿元，比去年同期多26亿元，微增0.02%，累计增幅 首次转正。专家分析，今年以来一系列增量和存量政策持续显效，经济运行稳中有进，高质量发展取得 新成效，为税收收入增长奠定基础。 主体税种保持正增长 国家税务总局发布的数据显示，今年前8个月，税务部门征收税收收入(未扣除出口退税)同比增长2%， 其中7、8月份税收收入明显回升，增幅均超过5%，累计增幅逐月提高。 分税种看，前8个月，国内增值税、国内消费税、企业所得税和个人所得税四大主体税种均保持正增 长。其中，国内增值税47389亿元，同比增长3.2%；国内消费税11523亿元，同比增长2%；企业所得税 31477亿元，同比增长0.3%，累计增幅实现转正；个人所得税10547亿元，同比增长8.9%。 经济运行稳中向好是重要原因。"经济决定税收。今年以来，一系列增量和存量政策持续显效，经济运 行稳中有进，高质量发展取得新成效，为税收收入增长奠定了基础。"国家税务总局税收科学 ...

Core Insights - The overall public budget revenue in China for the first eight months of the year reached 14.82 trillion yuan, showing a year-on-year growth of 0.3%, with tax revenue slightly increasing by 0.02% to 12.11 trillion yuan, marking the first positive cumulative growth [2][3] Tax Revenue Growth - Major tax categories, including domestic value-added tax, domestic consumption tax, corporate income tax, and personal income tax, all maintained positive growth in the first eight months [3] - Domestic value-added tax amounted to 47,389 billion yuan, up 3.2% year-on-year; domestic consumption tax reached 11,523 billion yuan, increasing by 2%; corporate income tax was 31,477 billion yuan, with a growth of 0.3%; personal income tax totaled 10,547 billion yuan, rising by 8.9% [3] - The manufacturing and financial sectors exhibited rapid tax revenue growth, with manufacturing accounting for over 30% of total tax revenue and showing an increase of over 5% [3] Economic Factors Supporting Tax Revenue - The increase in tax revenue is attributed to a series of effective policies and a stable economic environment, leading to high-quality development [5][6] - The capital market's activity significantly contributed to tax revenue, with the Shanghai Composite Index surpassing 3,800 points in August, and daily stock trading volume averaging 2.3 trillion yuan [6] - Enhanced compliance and tax awareness among taxpayers, driven by tax authorities' efforts, have also supported tax revenue growth [6][7] Fiscal Expenditure and Policy Outlook - National public budget expenditure has been on the rise, with social security and employment spending increasing by 10% and education spending by 5.6% in the first eight months [8] - The overall fiscal situation is improving, with expectations for continued positive trends in revenue and expenditure in the latter half of the year [8]

分税种看，前8个月，国内增值税、国内消费税、企业所得税和个人所得税四大主体税种均保持正增 长。其中，国内增值税47389亿元，同比增长3.2%；国内消费税11523亿元，同比增长2%；企业所得税 31477亿元，同比增长0.3%，累计增幅实现转正；个人所得税10547亿元，同比增长8.9%。 分行业看，制造业、金融业税收保持较快增长，其中，制造业占全部税收的比重超过30%且税收增幅在 5%以上，"压舱石"作用明显。特别是部分高端制造业税收增长较快，如铁路、船舶、航空航天和其他 运输设备制造业税收增幅在30%以上。资本市场服务业和相关的保险业等税收增幅均在两位数以上，租 赁和商务服务业等现代服务业税收也增势良好。 分地区看，东部地区税收增速明显高于全国平均水平，特别是上海、江苏、广东、浙江等经济大省增速 较高。 中国社会科学院财经战略研究院研究员何代欣分析，企业所得税实现正增长，关键领域、重点行业和重 点企业的增长发挥了重要带动作用；文化体育娱乐业等方面的税收增速加快，受益于提振消费政策的作 用和服务业的增长。 多因素支撑税收收入增长 财政部近日发布的数据显示，今年前8个月，全国一般公共预算收入14.82万亿元 ...

Group 1 - The core viewpoint of the articles indicates that tax revenue in China has shown a year-on-year growth of 2% from January to August, with significant recovery in July and August [1] - Major tax categories such as domestic value-added tax, domestic consumption tax, corporate income tax, and individual income tax have all maintained positive growth during the first eight months [1] - The manufacturing and financial sectors have experienced rapid tax revenue growth, with manufacturing accounting for over 30% of total tax revenue and showing an increase of over 5% [1] Group 2 - High-end manufacturing sectors, including railway, shipbuilding, aerospace, and other transportation equipment manufacturing, have seen tax revenue growth exceeding 30% [1] - The capital market service industry and related insurance sectors have also reported double-digit growth in tax revenue, alongside positive trends in modern service industries such as leasing and business services [1] - Eastern regions of China have demonstrated a tax revenue growth rate significantly higher than the national average, particularly in economically strong provinces like Shanghai, Jiangsu, Guangdong, and Zhejiang [1] Group 3 - The recent increase in tax revenue is attributed to three main factors: stable economic performance, active capital market transactions, and enhanced taxpayer compliance [2] - The heightened activity in the capital markets during July and August has not only boosted tax revenue from capital market services but also positively impacted related industries [2] - Increased corporate investment returns and stock dividends have contributed to the growth in corporate income tax and individual income tax [2]

Core Insights - Tax revenue in China has shown a steady increase in the first eight months of the year, with a year-on-year growth of 2%, and a significant rebound in July and August [1][2] - The active capital market has notably contributed to the tax revenue growth, particularly in the securities and insurance sectors, with securities tax revenue increasing by over 70% in both July and August [1][2] Tax Revenue Trends - The overall trend indicates a rising tax revenue growth rate throughout the year, with July and August showing a year-on-year increase of over 5% [1] - Major tax categories such as domestic value-added tax, domestic consumption tax, corporate income tax, and individual income tax have all maintained positive growth [1] Sector Performance - The manufacturing and financial sectors have experienced rapid tax revenue growth, with manufacturing accounting for over 30% of total tax revenue and showing an increase of over 5% [1] - High-end manufacturing sectors, including railway, shipbuilding, aerospace, and other transportation equipment manufacturing, have seen tax revenue growth exceeding 30% [1] Contributing Factors - Economic stability and improvement have been key drivers for tax revenue growth, supported by various policies from the central government [2] - The surge in capital market activity, highlighted by the Shanghai Composite Index surpassing 3,800 points and an average daily stock trading volume of 2.3 trillion yuan, has directly boosted tax revenues in related sectors [2] - Enhanced taxpayer compliance and awareness, driven by tax authorities' efforts in promoting lawful tax practices, have also contributed to the increase in tax revenue [2]

Tax Revenue Growth - In the first eight months of the year, tax revenue (excluding export tax rebates) increased by 2% year-on-year, with significant recovery in growth observed in July and August [1] - Major tax categories, including domestic value-added tax, domestic consumption tax, corporate income tax, and individual income tax, all maintained positive growth [1] - The manufacturing sector accounted for over 30% of total tax revenue, with a growth rate exceeding 5%, highlighting its stabilizing role in the economy [1] Sector Performance - High-end manufacturing industries, such as railway, shipbuilding, aerospace, and other transportation equipment manufacturing, experienced tax revenue growth exceeding 30% [1] - The capital market service industry and related insurance sectors saw tax revenue growth in double digits, while modern service industries like leasing and business services also showed strong growth [1] Regional Insights - Tax revenue growth in eastern regions significantly outpaced the national average, particularly in economically strong provinces such as Shanghai, Jiangsu, Guangdong, and Zhejiang [1] Economic Factors - The recent increase in tax revenue is attributed to three main factors: stable economic performance, active capital market transactions, and enhanced taxpayer compliance [2] - The heightened activity in the capital markets during July and August not only boosted tax revenue from capital market services but also positively impacted related industries [2] - Increased corporate investment returns and stock dividends contributed to the rise in corporate income tax and individual income tax [2]

Core Insights - Tax revenue in China for the first eight months of the year increased by 2% year-on-year, with significant growth observed in July and August, particularly in the securities sector, which saw a tax revenue increase of over 70% [1][2] Tax Revenue Trends - The overall trend for tax revenue collection has shown a steady increase throughout the year, with July and August recording a year-on-year growth rate exceeding 5% [1] - Major tax categories, including domestic value-added tax, domestic consumption tax, corporate income tax, and individual income tax, all maintained positive growth [1] - The manufacturing and financial sectors contributed significantly to tax revenue, with manufacturing accounting for over 30% of total tax revenue and experiencing a growth rate of over 5% [1] Sector-Specific Performance - High-end manufacturing sectors, such as railway, shipbuilding, aerospace, and other transportation equipment manufacturing, reported tax revenue growth exceeding 30% [1] - The capital market's active trading environment in July and August, highlighted by the Shanghai Composite Index surpassing 3,800 points and A-share total market capitalization exceeding 100 trillion yuan, directly contributed to the surge in tax revenue from the capital market services sector [2] - The insurance sector also saw tax revenue growth of over 10% during this period [2] Factors Influencing Tax Revenue Growth - Economic stability and improvement, driven by effective policies from the central government, have laid a solid foundation for tax revenue growth [2] - Increased awareness and compliance among taxpayers regarding legal tax obligations have been fostered by the tax authorities' initiatives to promote lawful and fair tax practices [2][3] - The lower tax revenue base from the previous year also contributed to the higher growth rate observed this year [3]

Summary of Key Points Core Viewpoint - The national general public budget revenue from January to August this year reached 148,198 billion yuan, showing a slight year-on-year growth of 0.3% [1] Revenue Breakdown - Tax revenue amounted to 121,085 billion yuan, with a marginal increase of 0.02% year-on-year, while non-tax revenue was 27,113 billion yuan, growing by 1.5% [1] - Major tax categories included: - Domestic VAT: 47,389 billion yuan, up 3.2% - Domestic consumption tax: 11,523 billion yuan, up 2% - Corporate income tax: 31,477 billion yuan, up 0.3% - Individual income tax: 10,547 billion yuan, up 8.9% [1] Tax Revenue Trends - Tax revenue showed a steady increase, particularly in July and August, where the growth rate exceeded 5% [2] - Key sectors contributing to tax growth included manufacturing and finance, with manufacturing accounting for over 30% of total tax revenue and showing a growth rate above 5% [2] - High-end manufacturing sectors, such as railway, shipbuilding, aerospace, and other transportation equipment, experienced tax growth exceeding 30% [2] Factors Influencing Revenue Growth - Economic stability and improvement due to effective policies from the central government contributed to tax revenue growth [3] - Increased activity in the capital market, with the Shanghai Composite Index surpassing 3,800 points and A-share market capitalization exceeding 100 trillion yuan, significantly boosted tax revenue from capital market services [3] - The stamp duty on securities transactions reached 2,844 billion yuan, a year-on-year increase of 27.4%, with securities transaction stamp duty alone at 1,187 billion yuan, up 81.7% [4] Future Outlook - The tax authorities plan to continue promoting legal fairness and compliance management, aiming to create a predictable business environment for high-quality economic development [5]

Core Viewpoint - Tax revenue in China has shown a steady increase in the first eight months of the year, with significant growth observed in July and August, driven by economic stability, active capital market transactions, and enhanced taxpayer compliance [1][2][3] Tax Revenue Trends - Tax revenue increased by 2% year-on-year in the first eight months, with July and August seeing growth rates exceeding 5% [1] - Major tax categories, including domestic VAT, consumption tax, corporate income tax, and personal income tax, all maintained positive growth [1] - The manufacturing and financial sectors exhibited robust tax revenue growth, with manufacturing accounting for over 30% of total tax revenue and showing an increase of over 5% [1] Sector-Specific Insights - High-end manufacturing sectors, such as railway, shipbuilding, aerospace, and other transportation equipment, experienced tax revenue growth exceeding 30% [1] - The capital market services and related insurance sectors also saw tax revenue growth in double digits, while modern service industries like leasing and business services performed well [1] Regional Performance - Eastern regions of China reported tax revenue growth significantly above the national average, particularly in Shanghai, Jiangsu, Guangdong, and Zhejiang [1] Factors Contributing to Revenue Growth - Economic stability and effective government policies have laid a solid foundation for tax revenue growth [2] - Increased activity in the capital markets, with the Shanghai Composite Index surpassing 3,800 points and A-share market capitalization exceeding 100 trillion yuan, has directly boosted tax revenues from capital market services and related industries [2] - Enhanced taxpayer compliance and awareness, driven by tax authorities' efforts in promoting legal tax practices and compliance, have further supported tax revenue increases [3] Future Outlook - The tax revenue growth may experience a slowdown in the fourth quarter due to a high base effect from the previous year [3] - Tax authorities will continue to focus on legal fairness and compliance management to foster a predictable business environment for high-quality economic development [3]