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  1. NPC puts income tax law reform on hold

    Posted Apr 23rd 2011, 12:00am

    ... Ed Zhang in Beijing Beijing's controversial draft amendment to the personal income tax law has been put on hold by lawmakers on the National People's Congress Standing Committee ... of the mainland's tax system. In the present version of the draft amendment, the State Council proposes raising the income threshold for personal tax payments to 3,000 yuan a month from 2,000 yuan. ...

  2. Higher threshold for income tax stays

    Posted Jun 28th 2011, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com The top legislature has endorsed raising the income threshold for paying income tax from 2,000 yuan (HK$2,400) to 3,000 yuan a month, facing down ... the measure in its first reading two months ago. Lawmakers will deliberate for a second time on the draft changes to the Personal Income Tax Law in a three-day meeting that began yesterday. However, ...

  3. Law spares 60m from income tax

    Posted Sep 01st 2011, 12:00am

    ... Ed Zhang ed.zhang@scmp.com The mainland's new personal income tax law, which takes effect today, exempts 60 million people from paying the tax. The new rules, passed on July 27 ... to social security insurance. The Beijing Youth Daily hailed that 2.29 million workers in Beijing would no longer have to pay a monthly personal income tax. A further 2.01 million workers would have ...

  4. New Shenzhen zone offers cut-price income tax

    Posted Sep 18th 2011, 12:00am

    ... Minnie Chan minnie.chan@scmp.com Hong Kong and overseas professionals working in Shenzhen's Qianhai special development zone will only have to pay income tax at Hong Kong rates, a spokesman for the zone's administration said yesterday. 'Overseas specialists working in the Qianhai zone will only need to pay their personal income tax at the rates levied in Hong ...

  5. Income tax proposals risk widening wealth gap, critics say

    Posted Apr 24th 2011, 12:00am

    ... Ed Zhang The government's draft amendment regarding personal income tax, put on hold by the National People's Congress Standing Committee, has prompted discussion in the press ... in various regions when working out how the new income tax law would implement the principle of equality. For instance, it said, a monthly salary of 3,000 yuan (HK$3,600) could go a long way in some ...

  6. Tax threshold to be increased by 1,000 yuan per month

    Posted Mar 03rd 2011, 12:00am by Ed Zhang

    ... Ed Zhang in Beijing A draft amendment by the State Council will be submitted to the National People's Congress Standing Committee to raise the threshold for paying personal income tax in a move to benefit low and middle income earners. Although the new tax threshold has not been released, mainland press reports indicated the government would raise it from the present level ...

  7. NPC votes for bigger rise in tax threshold

    Posted Jul 01st 2011, 12:00am

    ... Cary Huang in Beijing cary.huang@scmp.com The mainland's top legislature has approved a bigger increase in the income tax threshold in a rare case of public outcry resulting ... in fiscal revenue each year- equal to 48 per cent of personal income tax receipts last year. The new personal income tax scheme will be introduced on September 1. The tax rate on salaries and wages ...

  8. Some praise but most still not satisfied

    Posted Jul 01st 2011, 12:00am

    ... Mandy Zuo mandy.zuo@scmp.com The adjustment to the mainland's income tax threshold won some applause from the public yesterday, but most people still think it's too low. A survey ... in today's China, and what the government needs to focus on next is how to use tax from high-income earners to improve life for those who earn less than the threshold,' said Yang Shengming, ...

  9. Developers stand by for earnings cap

    Posted May 16th 2011, 12:00am

    ... case, after deducting all expenses such as 564 million yuan (HK$674.3 million) in sales and marketing costs; 1.08 billion yuan in administrative expenses; and three billion yuan in income tax ... at property consultant DTZ on the mainland, cast doubt on the implementation of rules to limit profit growth. 'It's easier said than done. At present, the land appreciation tax has served ...

  10. Talking points

    Posted May 31st 2011, 12:00am

    ... to the mainland's personal income tax law ends today. Among other measures, the draft proposes increasing the taxable salary threshold from 2,000 yuan (HK$2,393) to 3,000 a month. Some critics argue that the proposed threshold is still too low, and some suggest the income tax system is obsolete and requires a complete overhaul. A central bank adviser even publicly described the existing personal income ...




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