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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.

Chinese Tobacco Industry Achieves Record Tax and Revenue in 2023
Image source: Oriental Tobacco News

 

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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China Tobacco Regulation Shift：Policy Updates and Market Impact
China Tobacco Regulation Shift：Policy Updates and Market Impact
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New York’s 75% Wholesale Tax on Nicotine Pouches Takes Effect Sept. 1, With Aug. 31 Inventory Subject to Floor Tax
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