国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

China raises individual income tax threshold

(Xinhua)
Updated: 2007-12-29 10:50

China's top legislature on Saturday adopted a law amendment to raise the country's individual income tax threshold from 1,600 yuan a month to 2,000 yuan.

The individual income tax threshold increase was believed to relieve the economic burden of medium- and low-income earners amid the recent price increase of some goods.

The amendment will go into effect as of March 1, 2008.

Raising the threshold of individual income tax collection from 1,600 yuan to 2,000 yuan means a reduction of 30 billion yuan in state revenue a year, according to official statistics.

However, the rise in personal income tax collection threshold will free 70 percent of income earners from paying income tax. The current threshold of 1,600 yuan makes 50 percent of income earners free from paying the tax.

China's consumer price index climbed 6.9 percent in November, marking the fourth consecutive month the index had been above six percent. Price increases for various goods have already placed a burden on common families.

The individual income tax cutoff point was raised from 800 yuan a month to 1,600 yuan starting in 2006. This was based on an investigation of the then citizen's consumption expenditure for basic living costs.

"Over the past two years, citizen's consumption expenditure for basic living further increased. This required us to readjust the individual income tax starting point again," Finance Minister Xie Xuren told a legislative session of the National People's Congress Standing Committee.

In addition, laws on labor dispute mediation and arbitration, drug control, resolutions to the Law on Road Transportation Safety, the Frontier Health and Quarantine Law and the Law on the Protection of Cultural Relics, and a revision of the Law on Science and Technology Progress, were also adopted at the end of the session.



Top China News  
Today's Top News  
Most Commented/Read Stories in 48 Hours
鹿邑县| 湘阴县| 霍城县| 绥阳县| 天台县| 那曲县| 芦溪县| 贺兰县| 新乡市| 汉阴县| 汪清县| 鹤壁市| 延川县| 山东省| 道真| 阜宁县| 榕江县| 阳原县| 福建省| 宁明县| 贺兰县| 台北县| 黄浦区| 荣成市| 武胜县| 昌宁县| 申扎县| 丹寨县| 哈密市| 尉犁县| 车致| 交城县| 孙吴县| 五常市| 永康市| 罗源县| 桓台县| 云和县| 丰镇市| 沧州市| 玛多县|