(MENAFN) A State Council report showed that growth of tax revenue from China's real estate sector slowed in the January-July period as well as government revenue from land transactions, Xinhua reported.
The revenue growth of corporate income tax paid by real estate companies dropped to 5.8 percent from 27.4 percent in the first seven months of 2013, according to the report.
The revenue growth of business tax by real estate companies stood at 6.4 percent, 36.6 percent down from last year's figure to USD405.84 billion in the January to July period.
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