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.
- China Coast Guard fleet patrol waters off Diaoyu Islands
- Remains of 30 Chinese martyrs in Korean War returned to homeland from ROK
- Autumn harvest in full swing across China
- Belt and Road summit galvanizes grit for shaping shared future
- Judges call for joint oversight of AI expansion
- New horned toad species discovered in East China
