amoy
Senior Member
- Joined
- Jan 17, 2010
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Below also in response to unsustainable export / infrastructures growth
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Income tax rate under review
By Wang Xing (China Daily)
Updated: 2011-04-21 07:24 Comments(0) PrintMail Large Medium Small
Proposal will let wage earners keep larger slice
BEIJING - Taxpayers may be able to keep more of their income under a proposal submitted by the State Council to the nation's top legislature.
The Chinese Cabinet's proposal aims to raise the personal income tax threshold from 2,000 yuan ($306) to 3,000 yuan in a bid to boost domestic demand and reduce the burden on wage earners.
The draft amendment, presented to the Standing Committee of the National People's Congress, also proposed a reduction in the number of income tax brackets from nine to seven.
for more reading: http://www.chinadaily.com.cn/china/2011-04/21/content_12365606.htm
+++++++++++
Income tax rate under review
By Wang Xing (China Daily)
Updated: 2011-04-21 07:24 Comments(0) PrintMail Large Medium Small
Proposal will let wage earners keep larger slice
BEIJING - Taxpayers may be able to keep more of their income under a proposal submitted by the State Council to the nation's top legislature.
The Chinese Cabinet's proposal aims to raise the personal income tax threshold from 2,000 yuan ($306) to 3,000 yuan in a bid to boost domestic demand and reduce the burden on wage earners.
The draft amendment, presented to the Standing Committee of the National People's Congress, also proposed a reduction in the number of income tax brackets from nine to seven.
for more reading: http://www.chinadaily.com.cn/china/2011-04/21/content_12365606.htm
