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  1. Tax officials admit bonus 'directive' was a fake

    Posted Aug 16th 2011, 12:00am

    ... Raymond Li raymond.li@scmp.com A red-faced State Administration of Taxation yesterday denied that it had ever issued a directive explaining how to calculate taxable income from year-end bonuses- despite it being reported as fact in official media over the weekend. The administration vowed to pursue those who had fabricated the 'false' document that had 'confused ...

  2. 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 after their three-day session ended yesterday. NPC chairman Wu Bang ...

  3. NPC votes for bigger rise in tax threshold

    Posted Jul 01st 2011, 12:00am

    ... in the original proposal to 3 per cent. Wang Jianfan, deputy director of Ministry of Finance's taxation department, said that increasing the threshold from 2,000 yuan to 3,500 yuan would reduce ... taxation system,' he said. Liu Zuo, director of the State Administration of Taxation's Taxation Science and Research Institute, said the income tax reform should help China foster a huge ...

  4. Most high-income earners set to ignore tax deadline

    Posted Apr 02nd 2007, 12:00am by Staff Reporter

    ... Jane Cai Many play a wait-and-see game over revised law The first year of the mainland's new taxation system is expected to be a failure, with the overwhelming majority of high-income ... the State Administration of Taxation said that as of last week only 1.37 million people had filed returns, only 16 to 19 per cent of tax experts' estimates of 6 to 7 million high-income ...

  5. A narrow tax base is low on our list of pressing problems

    Posted Jul 24th 2006, 12:00am by Staff Reporter

    ... of tax collection and aggrieved by the large bureaucracy charged with its administration. GUY BADGERY, Central Perhaps the rallying cry of the American War of Independence, 'No taxation ...

  6. Penalising payers unfair, says professor

    Posted Apr 02nd 2007, 12:00am by Staff Reporter

    ... Jane Cai The State Administration of Taxation's new tax-return filing system targets mainly high-profit sectors including property, energy, tobacco and individuals such as entrepreneurs and celebrities. Violators face fines of up to 10,000 yuan. But Ma Guoxian, a taxation expert with the Shanghai University of Finance and Economics, said taxpayers deserved better ...

  7. No tax yet on property or stock gains, official says

    Posted Nov 18th 2007, 12:00am by Staff Reporter

    ... at the State Administration of Taxation, according to chinanews.com. The tax bureau issued revised guidelines last Friday, saying that from the start of next year, people with an annual income ...

  8. Judge Hong Kong's government by how it treats taxpayers

    Posted Jun 06th 2007, 12:00am by Staff Reporter

    ... more money, which is absurd. To justify any income-tax rate, there has to be a standard of taxation independent of how much money elected self-seekers and their civil-service henchmen want ...

  9. A tax on mooncakes makes new levies hard to swallow

    Posted Sep 04th 2011, 12:00am

    ... the word from the Ministry of Finance and the State Administration of Taxation was that no such tax was to be levied. These events also coincided with the introduction of a higher tax-free ... will arouse 'public misgivings' about the legitimacy of the levy, Xinhua reported. The cause of such a rapid rise in society's sensitivity to taxation could be explained ...

  10. Tax-grab idea to fix budget alarms expat Americans

    Posted Jul 31st 2011, 12:00am

    ... John Carney john.carney@scmp.com Americans working in Hong Kong are alarmed about a proposed change in US tax legislation that would leave them substantially out of pocket. Amid growing divisions over the size of the US government budget and of its budget ...




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