CHINA’S tax revenues increased by 6.6 percent in 2015, the State Administration of Taxation (SAT) said, according to a report by Xinhua News Agency.

    Tax revenues reached 11.06 trillion yuan (US$1.68 trillion), following deductions for export rebates, the SAT said, according to the report.

    The country’s services industry continued to gain clout, with the tertiary sector accounting for 54.8 percent of last year’s total tax revenue — and 80 percent of growth in total revenues.

    Total revenue for the services sector in 2015 rose by 7.6 percent from the previous year.

    Leasing and business services revenue increased by 23.8 percent, software and IT services revenue rose by 21.2 percent while revenue from the Internet and related services grew by 19 percent, the report said.(SD-Agencies)