Income tax on Cabinet's agenda
Source: Xinhua |
February 28, 2011, Monday
|
Print Edition
Print Edition
The State Council, China's Cabinet, is to discuss a plan to raise the threshold of personal income tax at a meeting tomorrow, Premier Wen Jiabao said yesterday.
If implemented, the plan would benefit middle and low-income groups, Wen said in answer to a question on taxes during his online chat.
The plan would be delivered to the National People's Congress, the country's top legislature, for review, he said, without specifying when the plan would come into effect.
Currently, China's income tax threshold stands at a monthly income of 2,000 yuan (US$303).
Analysts have been calling for a rise in the threshold, which they believe could help relieve the economic burden of middle and low-income earners as consumer prices continue to rise.
China's consumer price index rose 4.9 percent in January from a year earlier after food prices increased by 10.3 percent due to rising demand and a drought in key grain-growing regions.
The CPI rose 4.6 percent in December and 5.1 percent in November, a 28-month high.
The government raised the threshold for individual income tax from 1,600 yuan to 2,000 yuan in March 2008.
If implemented, the plan would benefit middle and low-income groups, Wen said in answer to a question on taxes during his online chat.
The plan would be delivered to the National People's Congress, the country's top legislature, for review, he said, without specifying when the plan would come into effect.
Currently, China's income tax threshold stands at a monthly income of 2,000 yuan (US$303).
Analysts have been calling for a rise in the threshold, which they believe could help relieve the economic burden of middle and low-income earners as consumer prices continue to rise.
China's consumer price index rose 4.9 percent in January from a year earlier after food prices increased by 10.3 percent due to rising demand and a drought in key grain-growing regions.
The CPI rose 4.6 percent in December and 5.1 percent in November, a 28-month high.
The government raised the threshold for individual income tax from 1,600 yuan to 2,000 yuan in March 2008.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
