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China's stamp tax up 9.9% in Jan-May period

Updated: Jun 21,2020 06:19 PM    Xinhua

BEIJING — China's revenue from stamp tax rose 9.9 percent year-on-year to 133.2 billion yuan (about $18.78 billion) in the first five months of the year, official data showed.

Revenue from stock trading stamp tax increased 18.4 percent from a year ago to 81.7 billion yuan, the Ministry of Finance (MOF) said.

The country's fiscal revenue declined 13.6 percent year-on-year to around 7.77 trillion yuan over the same period, while the fiscal spending totaled nearly 9.03 trillion yuan, down 2.9 percent from the previous year, the MOF said. 

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