Tax revenue beats 1997 target

PUBLISHED : Friday, 26 December, 1997, 12:00am
UPDATED : Friday, 26 December, 1997, 12:00am

The mainland collected 707.15 billion yuan (about HK$658.29 billion) in industrial and commercial taxes by December 20, exceeding the target for the whole year, the China News Service said yesterday. The figure exceeded the 1997 target by 1.7 per cent, the news agency quoted tax officials as saying. It marked an increase of 107 billion yuan, or 17.8 per cent, compared with the corresponding period a year earlier, it said.