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.
- Chinese FM highlights fruitful outcomes of SCO Tianjin Summit
- Xi proposes Global Governance Initiative
- Sculpture for Flying Tigers is unveiled in Chongqing
- China's V-Day gathering to start at 9 am, Sept 3 at Tian'anmen Square
- Fuzhou determined to become an 'international, people-oriented' city
- Experts highlight health risks of modern lifestyle habits
