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  • July 14, 2014
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  1. 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 ...

  2. 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 ...

  3. Threshold for income tax may be raised

    Posted Dec 01st 2008, 12:00am by Staff Reporter

    ... Stephen Chen Moderate increase proposed, report says A proposal to raise the threshold for individual income tax has been submitted to the State Council for approval, mainland media ... 1,600 yuan to 2,000 yuan as a result of public complaints that the income tax was robbing the poor to enrich the wealthy. But the proposed adjustment would fall short of some people's ...

  4. 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, ...

  5. 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. ...

  6. Taiwan unveils measures to lift stock market

    Posted Sep 09th 2008, 12:00am by Lawrence Chung

    ... firms to 105 per cent from 110 per cent, authorities would review plans to cut stock transaction and other taxes to shore up the market, Taiwanese Vice-Premier Paul Chiu Cheng-hsiung said. He said the cabinet was pushing ahead with tax reforms, including reducing inheritance tax and corporate and individual income tax rates. 'The government is taking all factors ...

  7. 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 ...

  8. Tax relief prompts Chaoda expansion

    Posted Feb 25th 2004, 12:00am by Staff Reporter

    ... exemption from income taxes. Because the tax benefits are not guaranteed to foreign companies, Chaoda's previous auditor PricewaterhouseCooper required it to make a provision for the corporate income taxes it would owe without the special treatment. Such provisions will not be necessary once the central government clearly states that foreign agriculture companies can enjoy the tax ...

  9. Comment - Insight & Opinion - LEADER

    China should lower taxes, not increase spending, to spur growth

    Posted Apr 17th 2014, 04:33am by SCMP Editorial

    ... for the government to consider income tax relief for individuals, both by reducing progressive rates and raising the income exemption level. ... SCMP Editorial Lower taxes to spur growth The mainland's GDP growth of 7.4 per cent in the last quarter was the slowest since 2012. It beat market expectations of 7.3 per cent ...

  10. Magazines - Post Magazine

    Income and gender equality can boost Hong Kong's economic growth, says IMF's Lagarde

    Posted Feb 22nd 2014, 11:39pm

    ... of inequalities and greener growth, I am personally passionate, yes.” Governments in Hong Kong and elsewhere should remember, she says, that all the evidence suggests that greater income equality, gender ... restaurant taxes, Lagarde ensured that no food was served to negotiators “and the Germans eventually gave up out of hunger”. Lagarde gives a conspiratorial smile when asked about that incident. “All ...




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