• Thu
  • Jul 31, 2014
  • Updated: 10:50pm

Tax System in the People'S Republic of China

New tax could hit owners of UK homes

Wealthy Hong Kong residents who own property in Britain could be facing a hefty tax slug if a new law is passed.

Sunday, 24 June, 2012, 12:00am

Tax bills shrink for HK workers on mainland

Hongkongers who spend most of their time working on the mainland will see their tax bills reduced thanks to new rules taking effect next month that are aimed at eliminating double taxation.

25 May 2012 - 12:00am

Tax cut bandwagon is rolled out again but makes no headway

Confucius has many disciples indeed. He would be happy if he were brought back to life at the annual National People's Congress (NPC) in Beijing. No longer content to serve as a mere rubber-stamp body, many lawmakers at the current session have complained, as reported by the mainland press, about the heavy tax burden on the people.

11 Mar 2012 - 12:00am

Tax on foreign workers in force only in Beijing

The mainland's controversial new social security tax on foreign workers, which was supposed to take effect across the country on October 15, has come into force only in the capital. But even there, the deadline for registration is still unclear.

24 Oct 2011 - 12:00am

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.

12 Sep 2011 - 12:00am

Tax uncertainty is bad for business

The saying goes that a man is a fool to pay a cent more in tax than he has to. Hence tax avoidance can be legitimate, if tax dodging is not. But 200,000 Hong Kong residents working on the mainland, along with 600,000 foreign nationals, still have a chance to dodge a bullet in the form of a new social security tax, if the government shows a greater sense of urgency about it.

8 Aug 2011 - 12:00am

Tax discounts in western regions to continue

The central government has decided to extend a policy that allows most enterprises in western regions to enjoy big corporate income tax discounts for another 10 years.

6 Aug 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

NPC puts income tax law reform on hold

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

New measures to boost revenue

In addition to reforming the individual income tax law (IIT), mainland authorities are expected to tighten tax collection to make it far more efficient and to prevent tax evasion.

21 Apr 2011 - 12:00am