| ID | 167741 |
| Title Proper | Law on individual income tax in China |
| Language | ENG |
| Author | Ostrovsky, Andrei ; Andrei OSTROVSKY |
| Summary / Abstract (Note) | On August 31, 2018, China's Law on Individual Income Tax was drastically amended yet again. Given the rapidly growing incomes of the public and precipitously worsening social differentiation in China's society, these amendments stipulate a higher individual income tax on persons who make noticeably more money than most others. Also, the untaxed minimum has been raised considerably; persons whose income is under 60,000 yuan a year are exempt from income tax payments. |
| `In' analytical Note | Far Eastern Affairs Vol. 47, No.2; 2019: p.104-112 |
| Journal Source | Far Eastern Affairs Vol: 47 No 2 |
| Key Words | Wages ; Living Standards ; Law On Individual Income Tax ; Graduated Income Tax ; Income Tax Rates ; Tax Rebates ; Aggregate Annual Income. |