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China has collected a total of 88. 118 billion yuan (US$10.7 billion) of individual income tax in the first half of 2004.
Compared with the same period of 2003, the revenue has increased 15.056 billion (US$1.8 billion) or 20.6 percent, according to statistics released by the State Administration of Taxation.
The state administration also required taxation authorities to list new high-income sectors and readjust the list of new key taxpayers.
(Xinhua News Agency August 6, 2004)
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