Liangjiang makes progress in taxation

Liangjiang New Area collected 1.6 billion yuan of taxes by the end of November, up 78.75 percent, with the annual total expected to reach 1.8 billion, up 90.3 percent, liangjiang.gov.cn reported.

Liangjiang New Area has focused on pillar industries, and cultivated emerging industries such as e-commerce. Software and information technology also developed rapidly.

Taxation from retail, transportation equipment manufacturing, finance and non-metallic minerals reached 1.3 billion yuan, accounting for 80.41 percent of the total.

Wholesale and retail sales totaled 67,942 yuan, accounting for 42 percent of the total, up 61 percent. Transportation equipment manufacturing totaled 28,734 yuan, up 170 percent.

In the first eleven months, 154 companies paid above 500,000 yuan in taxes, 46 more than the same period of 2014 and accounting for 97.63 percent of total revenue.