Key facts
- China's individual income tax revenue reached 900 billion yuan in the first half of 2026.
- This marks a 13% year-on-year increase.
- The rise was attributed to a strong capital market and growth in the technology and non-ferrous metals sectors.
- Individual income tax became the country's third-largest source of tax revenue, surpassing consumption tax.
China's individual income tax revenue saw a significant increase of 13% year-on-year, reaching 900 billion yuan ($133 billion) in the first half of 2026. This growth propelled individual income tax to become the nation's third-largest source of tax revenue, overtaking consumption tax. According to Wang Shiyu, chief auditor at the State Taxation Administration, the surge was primarily driven by a robust performance in the capital markets, alongside solid growth within the technology and non-ferrous metals sectors. The figures were disclosed at a press briefing on July 28.