Taxation on high-income earners urged in China
( 2003-07-20 17:26) (Xinhua)
The State Administration of Taxation (SAT) issued a notice over the weekend
calling on taxation authorities of all levels in China to intensify the
collection and management of personal income taxes, especially those of
high-income earners.
The SAT urged major efforts to be made this year in levying taxes on
high-income employees in the fields of finance, insurance, securities, electric
power, telecommunications, petroleum, petrochemical, tobacco, civil aviation,
railway, real estate, urban water and gas supply and publishing houses, as well
as employees of foreign-invested enterprises, high-tech enterprises,
intermediate agencies, private and cooperative enterprises, and athletic clubs.
In an effort to intensify the collection and management of personal income
taxes, a system under which taxpayers are required to submit a detailed report
on personal income and taxation information will take effect this year.
A special tax-related inspection targeting employees of individual
businesses, cooperative enterprises and athletic clubs will be carried out this
year, the notice notes.
Those who are found to be involved in tax evasion will be dealt with in
accordance with relevant taxation laws and regulations.
The SAT also calls on taxation departments across the country to improve
their services and better safeguard the legitimate rights and interests of
taxpayers.
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