China adopts new personal income tax law
chinadaily.com.cn |
Updated: 2018-08-31 15:19
Share
Share - WeChat
China's top legislature passed the amendment to the personal income tax law on Friday, raising minimum threshold for individual income tax from 3,500 to 5,000 yuan per month, or 60,000 yuan per year.
The new threshold would come into effect on Oct 1.
- 11 members of a family-run syndicate based in northern Myanmar executed for intentional homicide, fraud, and other crimes
- Awards for outstanding sci-tech achievements, several sparking industrial leaps
- Chinese scientists reveal key mechanisms in early human embryonic development
- International students commit to strengthening ties between China and their home countries
- Xi meets British PM in Beijing
- China expects 9.5b passenger trips in upcoming travel rush
