Home / News Type Content Tools: Save | Print | E-mail | Most Read | Comment
All Income of Gov't Workers to Be Taxed
Adjust font size:

Total income, including salary, allowances, subsidies and bonuses are subject to personal income tax for people employed by the government and publicly-funded institutions, according to a taxation notice published Friday jointly by China's Finance Ministry and the State Administration of Taxation.

 

The notice clarifies the tax situation for people working for the government and publicly-funded institutions.

 

With the ways in which income is provided changing, some government agencies and publicly-funded institutions have given out subsidies and bonuses to their employees, which haven’t been counted in their personal income tax liability, tax officials said.

 

Tax evasion, refusing to pay tax, and all behavior aimed at preventing investigation by the tax administration will be punished, according to the notice.

 

China's top legislators adopted a revised Personal Income Tax Law last October, raising the threshold for monthly personal income tax from 800 yuan to 1,600 yuan (US$198).

 

In 1994, China began levying income tax on citizens earning more than 800 yuan (about US$100) but only 1 percent of people were earning more than that; now, about 60 percent earn that much.

 

(CRI February 12, 2006)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Top Legislature Opens Hearing on Income Tax
- Session Highlights People's Basic Interests
- NPC Amendments Passed
- Most Support Tax Change
- Income Tax Bar Raised for Foreigners
Most Viewed >>
- World's longest sea-spanning bridge to open
- Yao out for season with stress fracture in left foot
- 141 seriously polluting products blacklisted
- China starts excavation for world's first 3G nuclear plant
- Irresponsible remarks on Hu Jia case opposed 
- 'The China Riddle'
- China, US agree to step up constructive,cooperative relations
- FIT World Congress: translators on track
- Christianity popular in Tang Dynasty
- Factory fire kills 15, injures 3 in Shenzhen

Product Directory
China Search
Country Search
Hot Buys