From October 1, the annual tax-free threshold for China’s taxpayers will rise to 60,000 yuan (5,000 yuan per month) from the previous 3,500 yuan per month. Photo: Shutterstock
From October 1, the annual tax-free threshold for China’s taxpayers will rise to 60,000 yuan (5,000 yuan per month) from the previous 3,500 yuan per month. Photo: Shutterstock

China tax cut finalised but leaves many unimpressed

Modest changes allow for some growth in incomes and help with cost of living, but wage earners wanted more

From October 1, the annual tax-free threshold for China’s taxpayers will rise to 60,000 yuan (5,000 yuan per month) from the previous 3,500 yuan per month. Photo: Shutterstock
From October 1, the annual tax-free threshold for China’s taxpayers will rise to 60,000 yuan (5,000 yuan per month) from the previous 3,500 yuan per month. Photo: Shutterstock
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