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Business profits dramatically increased this year with the rapid growth of economy, and in the first seven months, the country remained a growth momentum in business income tax. According to the latest statistics from the State Administration of Taxation, during this period, the business income tax hits RMB1099.85 billion, up 26.4 percent from the same period of last year. The revenue from the business tax takes up 23 percent of the total, an increase of 3.74 percentage points over that of the previous year.




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