Ministry of Finance: Stamp duty revenue from securities trading in the first seven months of the year was 57.6 billion yuan, a year-on-year decrease of 55%.

On August 26, the Ministry of Finance released the financial situation of July 2024. The data shows that from January to July, the national general public budget revenue was 13.5663 trillion yuan, a decrease of 2.6% year-on-year. After excluding special factors such as the increase in the base due to the deferred tax inclusion for small and micro enterprises in the same period last year and the impact of the tail reduction of tax cuts introduced in the middle of last year, the comparable growth was around 1.2%. From January to July, the central government's general public budget revenue was 5.9745 trillion yuan, a decrease of 6.4% year-on-year; local general public budget revenue was 7.5918 trillion yuan, an increase of 0.6% year-on-year. Total tax revenue in the country was 11.1240 trillion yuan, down 5.4% year-on-year; non-tax revenue was 2.4423 trillion yuan, an increase of 12% year-on-year; stamp tax revenue was 212 billion yuan, a decrease of 20.9%, among which the securities trading stamp tax revenue was 57.6 billion yuan, a decrease of 55%. The original text goes on: Financial situation of July 2024 I. National general public budget revenue and expenditure situation (I) General public budget revenue situation From January to July, the national general public budget revenue was 13.5663 trillion yuan, a decrease of 2.6% year-on-year. After excluding special factors such as the increase in the base due to the deferred tax inclusion for small and micro enterprises in the same period last year and the impact of the tail reduction of tax cuts introduced in the middle of last year, the comparable growth was around 1.2%. Looking at the central and local governments separately, from January to July, the central government's general public budget revenue was 5.9745 trillion yuan, a decrease of 6.4% year-on-year; local general public budget revenue was 7.5918 trillion yuan, an increase of 0.6% year-on-year. In terms of tax and non-tax revenue, from January to July, total tax revenue in the country was 11.1240 trillion yuan, down 5.4% year-on-year; non-tax revenue was 2.4423 trillion yuan, an increase of 12%. The details of major tax revenue items are as follows: 1. Domestic value-added tax was 4.1303 trillion yuan, down 5.2% year-on-year. 2. Domestic consumption tax was 1.0004 trillion yuan, up 5.5% year-on-year. 3. Corporate income tax was 3.0702 trillion yuan, down 5.4% year-on-year.