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Amended law to lift start-line of personal income tax
(Xinhua)
Updated: 2005-08-23 11:46
China's top legislature is to amend a law for lifting the start-line of
personal income tax collection.
According to the draft amendment, the personal tax collection starting line
will be increased from the current 800 yuan to 1,500 yuan so as to relieve the
tax burden for the middle and low-income groups.
The draft amendment of law on personal income tax was submitted to the 17th
session of the Standing Committee of the National People's Congress (NPC) for
first deliberation on Tuesday.
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