China: value added tax revenue by month 2023

This graph shows the monthly revenue from value added tax (VAT) in China from January and February 2022 to January and February 2023. In Jan/Feb 2023, value-added tax revenue in China amounted to about 1578.7 billion yuan. The low results in April and May 2022 were caused by extraordinary retention tax rebates granted due to the coronavirus situation in China.

Monthly value added tax (VAT) revenue in China from Jan/Feb 2022 to Jan/Feb 2023 (in billion yuan)

Characteristic	Revenue in billion yuan
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Release date

March 2023

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Region

China

Survey time period

Jan/Feb 2022 to Jan/Feb 2023

Supplementary notes

* According to the source, figures for January and February have been grouped together to curb the influence of the Chinese New Year on the statistic. Chinese New Year falls between January 21 and February 21.

Figures have been calculated based on cumulative monthly values and shares of previous months.
Figures have been rounded to provide better understanding of the statistic.
Figures for earlier years have been taken from previous publications.

One yuan equals approximately 0.15 U.S. dollars and 0.14 euros (as of March 2023).

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