China adopts new personal income tax law
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.
- Strong tornado kills 5, injures 33 in China's Guangzhou
- Mainland to send support to earthquake-affected areas of Taiwan
- 3 dead in east China residential complex fire
- Risk of infectious illnesses over holiday warns China CDC
- China to honor outstanding workers ahead of Labor Day
- China's robotic spacecraft to be sent to the moon