综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

  Home>News Center>China
       
 

China eases tax burden on poor
By Liu Li (China Daily)
Updated: 2005-10-28 05:41

A revised Personal Income Tax Law was adopted by China's top legislators yesterday, raising the threshold for monthly personal income tax from 800 yuan (US$99) to 1,600 yuan (US$198) a move that will help ease the burden on low-wage earners.

A revised Personal Income Tax Law was adopted by China's top legislators yesterday, raising the threshold for monthly personal income tax from 800 yuan (US$99) to 1,600 yuan (US$198) a move that will help ease the burden on low-wage earners.
Legislators attend a sessiion of the Standing Committee of the National People's Congress at the Great Hall of the People in Beijing October 27, 2005. [Xinhua]

The amendment will become effective next year.

The Standing Committee of the National People's Congress (NPC) approved the amendment during a five-and-a-half-day session, which closed yesterday.

When it comes into force, only a quarter, or 26 per cent, of wage earners are expected to pay personal income tax, Lou Jiwei, vice-finance minister, told a press conference yesterday.

In 1994, China began levying income tax on citizens earning more than 800 yuan, but only 1 per cent of people were earning more than that. Now, about 60 per cent earn that much.

Government takings from personal income tax will drop by 28 billion yuan (US$3.5 billion) annually with the implementation of the new law, Lou said.

The new threshold was raised from 1,500 yuan (US$185) proposed in a draft law revision after a public hearing last month. The hearing, the first organized by the country's top legislature, invited 20 representatives chosen from nearly 5,000 applicants across the country to listen to their views. The move was widely hailed as a good example of heeding public opinion while making legislation.

Twelve of them were for a threshold higher than 1,500 yuan, according to sources with the NPC's Law Committee.

The increased threshold will not have a bearing on foreigners working in China, who pocket 4,000 yuan (US$495) tax-free each month.

But many foreign businessmen and enterprises have been watching with interest as most of their employees are Chinese.

Also during yesterday's session, the NPC Standing Committee voted to approve the UN Convention against Corruption, which was endorsed by the Chinese Government in 2003.

(China Daily 10/28/2005 page1)



Chicken vaccinated in Xiangtai
Lien Chan visits Wolong giant panda research center
Traffic accident kills 5, injures 31 in Chongqing
  Today's Top News     Top China News
 

Hunan girl's death 'not linked to bird flu outbreak'

 

   
 

China eases tax burden on poor

 

   
 

Translate words into action, Vatican urged

 

   
 

China Construction Bank makes flat HK debut

 

   
 

'Red Capitalist' passes away at 89

 

   
 

Wronged man receives compensation

 

   
  Hu: China a 'good neighbour' of ASEAN
   
  Tyco, employees donate to support the disadvantaged
   
  Environment agency blacklisted
   
  Thirteen on trial for human smuggling
   
  Migratory birds pose most serious flu danger
   
  Invading alien rampant across 1/3 of mainland
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
乌拉特后旗| 乐昌市| 洮南市| 遂溪县| 栾川县| 泰和县| 长丰县| 杂多县| 荥经县| 临安市| 沅陵县| 土默特右旗| 新邵县| 米林县| 镇江市| 涡阳县| 全南县| 太湖县| 绥芬河市| 秭归县| 常宁市| 威远县| 利津县| 新余市| 东乌| 宾阳县| 南京市| 兴义市| 阳谷县| 延安市| 长沙市| 博湖县| 田林县| 贵港市| 永仁县| 曲靖市| 平顶山市| 五莲县| 湟中县| 芜湖市| 大理市|