Income Tax in Australia

Anger among taxpayers over threshold's delays

Some regional taxation bureaus have been accused of violating the mainland's new personal income tax law, which this month raised the tax threshold from 2,000 yuan (HK$2,400) to 3,500 yuan, state media reported.

Monday, 12 September, 2011, 12:00am

Slowdown in revenue growth likely

The mainland's fiscal revenue rose 31.2 per cent year on year to 5.69 trillion yuan (HK$6.85 trillion) in the first half of this year, continuing a trend that has seen this revenue outpace growth in economic output and household incomes for years.

15 Jul 2011 - 12:00am

NPC votes for bigger rise in tax threshold

The mainland's top legislature has approved a bigger increase in the income tax threshold in a rare case of public outcry resulting in a significant change to proposed legislation.

1 Jul 2011 - 12:00am

Some praise but most still not satisfied

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.

1 Jul 2011 - 12:00am

Draft tax law sets record for feedback

The draft amendment to the personal income tax law has made history by attracting a record 230,000 items of feedback in a month-long online public consultation.

But a sharp divide remains between officials and the rest of society as to how much the mainland's existing law should be revised.

1 Jun 2011 - 12:00am

Talking points

Our editors will be looking ahead today to these developing stories...

Public comment closes on tax changes

31 May 2011 - 12:00am

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

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.

3 Mar 2011 - 12:00am

Bid to cool hopes of rise in tax threshold

The Finance Ministry's suggestion in a report that raising the threshold of the mainland's relatively low personal income tax would benefit high-income people the most appears to be aimed at cooling public expectations about such a rise any time soon.

19 Jun 2009 - 12:00am

New tax-free threshold too low, say critics

When the Standing Committee of the National People's Congress meets today to endorse changes to the country's income tax regime, it is unlikely to end the debate.

The central government hopes to offset rising living costs by lifting the monthly income tax threshold from 1,600 yuan to 2,000 yuan, but critics say the new limit is too low.

29 Dec 2007 - 12:00am

Settlement payouts not taxable: doctors

About 4,600 doctors awarded a total of HK$629 million in back pay after a landmark court ruling should not have to pay tax on their payments, a judicial review application states.

15 Jun 2007 - 12:00am

Most high-income earners set to ignore tax deadline

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 earners not lodging returns despite the deadline falling today.

2 Apr 2007 - 12:00am

Sales levy could see tax rate cut to 11pc

Significant widening of tax bands also suggested in government's consultation

The standard tax rate could be cut by up to 5 percentage points - from 16 per cent to 11 per cent - and the tax bands considerably widened after the proposed goods and services tax (GST) is introduced, according to a consultation paper to be unveiled next week.

12 Jul 2006 - 12:00am

Tax reform a welcome effort to address wealth gap

It is 25 years since the mainland set the wage level at which workers must begin paying income tax at 800 yuan a month. In that time almost everything else has changed, especially the cost of living. The result has been to highlight the plight of a vast underclass of urban and rural poor struggling to make ends meet on the wrong side of a growing wealth gap.

2 Sep 2005 - 12:00am

Mixed reaction to increasing the threshold for income tax

The National People's Congress Standing Committee has received mixed signals from provincial representatives on proposals to change the threshold for personal income tax.

The Standing Committee is debating two amendments to the Personal Income Tax Law, one of which would raise the taxable threshold from the current 800 yuan a month to 1,500 yuan.

27 Aug 2005 - 12:00am

Tax relief for home buyers still uncertain

No timetable has been seen for the introduction of proposed measures by the Shanghai government to give homeowners tax relief on their mortgages.

'Originally, Shanghai planned to introduce this on October 1, but it has been pushed back,' said a foreign banker.

29 Oct 2003 - 12:00am