Comments 
Print 
Mail 
Large Medium SmallBEIJING - Chinese workers will be allowed to pay income tax for their annuities based on the actual amounts they receive after retirement starting in early 2014, an official statement said Friday.
Currently, workers enjoying annuities have to pay income tax on annuities before receiving their monthly salaries.
The move, jointly announced Friday by the Ministry of Finance, the Ministry of Human Resources and Social Security, and the State Administration of Taxation, aims to "promote the development of the country's multi-tiered pension system."
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
