男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Expense deductions introduced to income tax

By Zhu Lingqing | chinadaily.com.cn | Updated: 2018-09-07 13:13
Share
Share - WeChat
[Photo/VCG]

As the new threshold of personal income tax, raised from 3,500 to 5,000 yuan per month, is set to take effect on Oct 1, the State Council said on Thursday it will also hurry to set a clear scope and standards for six special expense deductions to ensure the threshold is significantly higher than 5,000 yuan, according to a report by China Business News.

The special expense deductions, having been introduced to China's individual income tax system as an amendment to the Personal Income Tax Law, was passed by China's top legislature on August 31. They include children's education, continuing education, treatment for serious diseases, housing loan interest and rent, as well as caring for the elderly.

The whole amendment will come into force on Jan 1.

The State Council said the scope and standard of the special expense deduction will be implemented on Jan 1 after a period of public consultation, and will be adjusted dynamically with the development of the economy and the improvement of living standard.

Chen Lihua, vice finance minister, said at a news conference on Aug 31 the government has preliminarily considered setting a certain quota or standard for the special expense deduction in order to ensure taxpayers pay tax conveniently, relevant expenses get deducted reasonably and the policy is fair, so the taxpayers can enjoy the benefits of tax reduction, the report said.

To promote the smooth implementation of the special expense deduction next year and by drawing from the experience of other countries, at the current stage it is possible for specific deduction standards or quotas to adopt a "double track" of fixed amounts and fixed proportion limits, Zhu Jinhua, a partner in international assignment services at PwC China, said.

Zhu said the fixed amount could apply to deductions for continuing education and caring for the elderly, while fixed proportion limits could apply to the deduction items that may differ due to different income levels and consumption structures of taxpayers, such as children's education, treatment for serious diseases and housing loan interest and rent.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 南京市| 墨脱县| 桐城市| 肇源县| 江川县| 陇南市| 青田县| 马公市| 延安市| 博兴县| 大渡口区| 连城县| 安国市| 大荔县| 丘北县| 龙门县| 五莲县| 社旗县| 威信县| 烟台市| 马尔康县| 托里县| 兰州市| 宜良县| 始兴县| 宁波市| 亚东县| 宣恩县| 汕头市| 徐汇区| 道孚县| 新兴县| 新疆| 谢通门县| 陇西县| 长丰县| 文化| 银川市| 肃北| 唐河县| 墨江|