Chinese Tobacco Industry Achieves Record Tax and Revenue in 2023

Market by 2FIRSTS.ai

Mar.06.2024

Chinese Tobacco Industry Achieves Record Tax and Revenue in 2023

Tobacco industry in 2023 achieves record-high business tax revenue of 152.17 billion yuan, contributing to economic stability and growth.

In 2023, the tobacco industry reported a total industrial and commercial tax revenue of 1.5217 trillion yuan, an increase of 5.6% compared to the previous year. It also achieved a total fiscal revenue of 1.5028 trillion yuan, with a year-on-year increase of 4.3%. Both the tax revenue and fiscal revenue reached historical highs, making a positive contribution to stabilizing the overall economy, ensuring increased revenue for the national and local governments, and promoting economic and social development.

Also Read:

[1] China's Export Data of E-cigarettes to South Africa in December 2023

[2] China's E-cigarette Exports to Morocco in December 2023

[3] China's E-cigarette Export to Italy, December 2023

[4] China's E-cigarette Exports to Poland in December 2023

[5] 2023 China E-cigarette Exports Surge to $11.08 billion Amid 21.55% Unit Price Decline

[6] China's Tobacco Exports Surge in 2023, Showing Impressive Growth

#Traditional tobacco #Asia #Market #China #E-cigarette Taxes #E-cigarette Industry

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