China reportedly recovered under-reported tax payments of $1.8 billion in the first eight months of this year. The figure is tiny compared with overall tax revenue during the period but economists believe the funds recouped came largely from individual income tax payers and helped fuel a 24% jump in these tax revenues during the period. While income tax represents a small percentage of the mainland's overall tax receipts, the figures are growing because of the rising revenue from private enterprises. Individual income tax is set at a maximum of 45%, while enterprise income tax is 33% for local companies and 15% for foreign firms.