As reported from Nanjing Municipal Local Tax Department, the amount of tax payment of foreign invested enterprises in Nanjing reaches 1.814 billion Yuan from January to November this year, up 295 million Yuan over the same period of the previous year, rising by 16.73% and accounting for 68.56% of the total amount of local tax payment of foreign-related enterprises in Nanjing.

It is introduced that the amount of local tax payment of foreign-related enterprises in Nanjing is 2.646 billion Yuan for the first 11 months this year, an increase of 415 million Yuan and up 18.67% over the same period of the previous year. Foreign invested enterprises have become the main force for the tax payment. The amount of local tax payment of enterprises invested by Hong Kong, Macau and Taiwan is 832 billion Yuan, on increase of 119 billion Yuan over the same period of the previous year, up 16.73%.

The Tax Department predicts that foreign economy will become the major factor for the increase of tax payment since Nanjing has improved its soft environments for investments and the scale of investments of foreign invested enterprises has been enlarged as well. (Nanjing Daily)