• Thu
  • Aug 21, 2014
  • Updated: 3:47pm

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

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