CHINA China sets income tax threshold at 5,000 yuan


China sets income tax threshold at 5,000 yuan


02:30, September 01, 2018


(Photo: CGTN)

China's lawmakers at the fifth session of the Standing Committee of the 13th National People's Congress voted on Friday to make amendments to the individual income tax law. 

It will be effective from January 1, 2019, but the basic standard deduction of income from wages or salaries, namely the minimum threshold for personal income tax exemptions, will be raised from the current monthly payment of 3,500 yuan to 5,000 yuan per month from  October 1 to release the reform dividend as soon as possible.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue