'Boring' tax forms are overlooked by majority

Most Beijingers are ignoring rules that call for those who earn more than 120,000 yuan a year to complete a self-declaration tax form.

Observers say taxpayers think the forms are complicated and believe the tax authorities are unlikely to trace all of their personal income, especially that from property and stock market transactions.

According to the Beijing local taxation bureau, people must report their individual earnings between January and March or they could be fined up to 10,000 yuan.