Guangdong is the top region by net taxes on production in China. As of 2017, net taxes on production in Guangdong was 11,354 100 million yuan that accounts for 11.23% of China's net taxes on production. The top 5 regions (others are Jiangsu, Shandong, Zhejiang, and Shanghai) account for 40.80% of it. China's total net taxes on production was estimated at 101,138 100 million yuan in 2017.
The description is composed by our digital data assistant.Net Taxes on Production refers to taxes on production less subsidies on production. The taxes on production refers to the various taxes, extra charges and fees levied on the production units on their production, sale and business activities as well as on the use of some factors of production, such as fixed assets, land and labour in the production activities they are engaged in. In contrast to taxes on production, subsidies on production refer to the unilateral government transfer to the production units and are therefore regarded as negative taxes on production. They include subsidies on the loss due to implementation of government policies, price subsidies, etc.
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