Authorities in southwest China's Tibet Autonomous Region Monday reported 3.7 percent less tax revenue in 2013 than in 2012, attributing the slump to less tax collected on enterprise share transfers.
Yang Chengbi, deputy chief of the Tibet regional office of the State Administration of Taxation, said the region's tax revenue dropped to 14.78 billion yuan (2.4 billion U.S. dollars) in 2013.
According to Yang, Tibet reported less one-off share transfer tax on enterprises which attracted investment than in previous years. This offset taxation growth in other sectors.
"The taxation status is basically good in the region, which has helped with economic growth," Yang said.
Wang Mingjing, deputy head of Tibet's finance department, added that its tax buoyancy, an indicator of the efficiency of revenue mobilization in response to GDP growth, stayed at 2.03, which means taxation grew faster than the economy.

                                                                                                                    Editor:Karen Lin