日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

  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
         
主站蜘蛛池模板: 国内精品美女久久久久 | 免费中文字幕日韩欧美 | 欧美视频三区 | 国产精品久久久久久久久久免费看 | 天天舔天天舔 | 日日摸夜夜添欧美一区 | 欧美一区二区三区播放 | 可以免费观看的av | 欧美极品在线观看 | 深夜影院老司机69影院 | 成人午夜影院 | 亚洲四播房 | 高清视频在线观看 免费 | 久久观看 | 精品麻豆cm视频在线看 | 成人国产在线 | 久久精品国产久精国产 | 九九操视频 | 毛片一级在线 | 久草在线免费新视频 | 成人网18视频网站 | 天天躁日日躁狠狠躁av麻豆 | 久久国产精品免费一区二区三区 | 日韩三级免费 | 日本精品久久久久中文字幕2 | 久草综合在线视频 | av电影直播 | 欧美高清视频一区 | 狠狠一区 | 成人1234| 天天艹久久 | 亚洲国产精品综合久久 | 九九久久精品这里久久网 | a久久 | 91看片网| 夜色成人网| 国产精品成人在线 | 国产激情在线观看 | 天天射天天干天天插 | 国产一区二区三区久久久久久久久 | 国产五月婷婷 |