October Tax Revenue 5669億元, Securities Transaction Tax Posts 15th Straight Month of Growth
The Ministry of Finance announced on the 11th that October 2026 nationwide net tax revenue totaled 5669億元, up 1495億元 from the same month last year, up 35.8% year on year. Securities transaction tax revenue reached 523億元, up 220億元 year on year, up 72.6%, marking 15 consecutive months of positive growth. Cumulative January-October nationwide net tax revenue reached 4兆1383億元, up 8499億元, up 25.8%, a record high for the same period.
Cumulative January-October securities transaction tax revenue reached 5583億元, up 3297億元, up 1.4-fold, also a record high for the period since 1998, in 28 years. The Ministry of Finance said the January-October nationwide tax budget execution rate was 91.4%, mainly contributed by securities transaction tax, corporate income tax and business tax, with customs duties, corporate income tax, individual income tax, estate tax, securities transaction tax, futures transaction tax, business tax, housing tax and stamp tax all hitting record highs for the January-October period.
Daily Average Turnover Breaks 1兆, Securities Transaction Tax Falls Month on Month for 4th Month
The Ministry of Finance noted that average daily turnover of listed stocks in October was 1兆1210億元, up 8.7% from the previous month, ending three consecutive months of declining volume, up 78.9% year on year. However, affected by holidays and typhoon holidays, with one fewer trading day than in September, October securities transaction tax fell to 523億元, down 2% month on month, down for four consecutive months.
Full-Year Surplus Could Reach 1600億, Real Estate-Related Tax Revenue Mostly Rising
The Ministry of Finance estimates full-year tax revenue will exceed budget by 1100億元 to 1600億元, with central government tax revenue exceeding by 300億元 to 600億元 and local government tax revenue exceeding by 700億元 to 1000億元. For the three major real estate-related taxes, October performance was mostly positive, with individual real estate integrated income tax up 9.7% year on year, land value increment tax up 5.9%, and deed tax up 2.5%. For January-October this year, except for land value increment tax still down 2% year on year, individual real estate integrated income tax has turned to a slight increase of 0.1%, while deed tax is up 9.1% year on year.