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

Topic |   China economy

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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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