Reforms to target income tax system
By Zhao Yinan | China Daily | Updated: 2011-12-12 07:58
Payments to vary with economic burdens and family expenses
HAIKOU - Fundamental reforms of China's personal income tax system are expected to be put into place in three years, a senior expert said.
The reforms are likely to introduce a tax system based not only on a person's annual income but also on economic burdens or expenses in families.
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