Last week's hottest topic appeared to be a spontaneous education campaign to raise taxpayers' awareness of their rights.Sunday, 4 September, 2011, 12:00am
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 and misled the public'.16 Aug 2011 - 12:00am
Americans working in Hong Kong are alarmed about a proposed change in US tax legislation that would leave them substantially out of pocket.31 Jul 2011 - 12:00am
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
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
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
In yesterday's report 'Higher threshold for income tax stays' on page A6, the first paragraph incorrectly said the National People's Congress Standing Committee 'endorsed raising the income tax threshold'. It should have said it decided against changing a proposed amendment to the tax threshold. The NPC Standing Committee, which is discussing the amendment this week, has yet to endorse it.29 Jun 2011 - 12:00am
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 huge public support for setting the level higher to exempt more wage earners.
The Standing Committee of the National People's Congress announced its decision yesterday. It endorsed the measure in its first reading two months ago.28 Jun 2011 - 12:00am
More than 80 per cent of respondents to a poll disagree with the government's plan for reform of the personal income tax, putting further pressure on officials to revise the proposal, first tabled for discussion in the nation's top legislature months ago.17 Jun 2011 - 12:00am
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 Bangguo said lawmakers raised various comments and suggestions on the draft amendment while agreeing with its overall direction.23 Apr 2011 - 12:00am