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A Draft Amendment To The Tax Law Is Maintained. The Initial Draft Will Raise The Threshold To 3000 Yuan.

2011/6/27 10:21:00 49

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Amendments To The Tax Law Maintain The Threshold Of The First Draft.

Draft amendments to the tax law considered by the Standing Committee of the National People's Congress on two th day for the two time shall be maintained in the first draft.

Threshold

The increase from 2000 yuan to 3000 yuan remains unchanged.

The draft amendment to the tax law, which was deliberated by the Standing Committee of the National People's Congress on two th 27 days, reduced the first rate of the excess progressive tax rate from 5% to 3%, so as to further reduce the tax burden of the lower income group of the workers earning the salaries.

The Standing Committee of the National People's Congress began deliberation 27 days ago.

Administrative compulsory law

The draft has deleted the "administrative organ's application for compulsory execution of a case to the people's court, and the execution of the ruling shall be implemented by the people's court".

Chart: China

Exemption from personal income tax

It is expected to increase from 2000 yuan to 3000 yuan per month.

The public has made positive suggestions for tax revision. More than 80 thousand netizens have offered more than 23 opinions.

In June 15th, the legal work committee of the Standing Committee of the National People's Congress issued the public opinion on the amendment to the People's Republic of China personal income tax law (Draft) (hereinafter referred to as "draft") from the 16 to 24 in April 25, 2011.

How enthusiastic is public participation?

In the process of soliciting comments, the China National People's Congress network received 237684 opinions from 82707 netizens (each netizen could give opinions separately on the 4 provisions of the draft) and 181 letters from the masses.

In May 10th and 20th, the NPC Law Committee, the finance and Economic Committee and the Legislative Work Committee of the NPC Standing Committee jointly held a symposium. They also listened to 11 experts and 16 public opinions on the draft.

The two sector answers questions about the amendment to the personal income tax law (Draft).

The amendment to the People's Republic of China personal income tax law has been submitted to the twentieth session of the Standing Committee of the Eleventh National People's Congress for consideration.

The relevant heads of the Ministry of Finance and the State Administration of taxation have interviewed reporters on issues related to the amendment of the personal income tax law (Draft).

1. What is the background and main contents of the revised personal income tax law?

Answer: it is necessary to amend the personal income tax law in order to strengthen the regulation function of tax revenue distribution, reduce the tax burden of middle and low income persons, increase the regulation of high income, and take into account the actual situation of the growth of basic living expenses of residents.

The main contents of the revision of the personal income tax law are: first, raise the standard of deduction of wages and salaries, and raise the cost reduction standard from the current 2000 yuan / month to 3000 yuan / month; two, adjust the structure of the salary and income tax rate, reduce the current 9 level progressive progressive tax rate to 7 levels, and make corresponding adjustments to the grade distance; three, adjust the income tax rate of the production and operation of individual industrial and commercial households and contract lease business respectively; four, extend the time of declaration and payment of taxes, and extend the time limit for the withholding agents and taxpayers to declare their tax payments from within 7 days of the current month to 15 days.