USEUROPEAFRICAASIA 中文双语Français
Home / World

Tax changes will ease dependency burden

China Daily | Updated: 2018-08-30 07:25

IN THE SECOND DRAFT of the Personal Income Tax Amendment published on Monday, the Standing Committee of the National People's Congress, China's top legislature, included expenditure on care for the elderly as a deductible item. Beijing News comments:

In the first draft of the amendment, the legislature suggested five expenditures that can be deducted from personal income before tax - education spending, further education spending, serious illness treatment spending, the interest on housing loans or rent.

In the second review, the expenses for supporting the elderly have been included in the list of deductible expenditures.

Tax changes will ease dependency burden

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US