China’s Individual Income Tax Revenue Climbs on Stock Rally and Sector Recovery

China’s individual income tax revenue rose 13% year-on-year to 900 billion yuan ($133 billion) in the first half of 2026, overtaking consumption tax to become the country’s third-largest source of tax revenue.

The increase was driven mainly by a strong capital market and solid growth in the technology and non-ferrous metals sectors, Wang Shiyu, chief auditor at the State Taxation Administration, said at a Tuesday briefing.