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NPC debates further raising tax threshold
By Zhao Huanxin (China Daily)
Updated: 2005-08-25 05:57
A proposed amendment raising the threshold at which personal income is levied
has met with a mixed response from national legislators.
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| Tax payers queue to pay fees in Nanjing on August 23, 2005.
[newsphoto] | While welcoming the amendment in
principle, many members of the Standing Committee of the 10th National People's
Congress (NPC) China's top legislature called for the threshold to be raised
even higher to benefit more low earners.
Members also demanded concrete measures to ensure high-income earners are not
allowed to escape the tax net.
Under a draft amendment submitted to the legislature on Tuesday, people
making less than 1,500 yuan (US$185) a month will no longer need to pay income
tax, up from the previous cut-off point of 800 yuan (US$98).
Jia Zhijie, a member of the NPC Standing Committee, said the draft should be
enshrined in law as soon as possible, partly because it would help address
issues of primary concern, such as "unfair income allocation" and "social
discord."
Another member, Li Yuanzheng, said that since all taxpayers are concerned
about the legislation, the public should be allowed to give their opinions on
the amendment before it is voted on at the legislature.
Jia said: "The starting point for collecting the tax should be lifted higher
to, say, 1,800 yuan (US$222)."
Most earners on a monthly salary of 2,000 yuan (US$247) have families to
support. After expenses such as housing and education, what is left over is
hardly enough to cover basic living costs, Jia said.
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