China adopts new personal income tax law
chinadaily.com.cn |
Updated: 2018-08-31 15:19
Share
Share - WeChat
China's top legislature passed the amendment to the personal income tax law on Friday, raising minimum threshold for individual income tax from 3,500 to 5,000 yuan per month, or 60,000 yuan per year.
The new threshold would come into effect on Oct 1.
- From muggles to birders, quiet hobby finds its wings
- Two-way tourism between China, Europe gathers pace over May holiday
- Nanjing Massacre survivor Liu Guixiang dies
- Macao's resident deposits rise in March
- Taiwan youth seek their career in Chinese mainland
- Xi urges youth to contribute to Chinese modernization
