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China raises individual income tax threshold
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10:18, December 29, 2007

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 China's legislature to vote on increase on individual income tax threshold
 Good news for income tax payers
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China's top legislature on Saturday adopted a law amendment to raise the country's individual income tax threshold from 1,600 yuan a month to 2,000 yuan.

The individual income tax threshold increase was believed to relieve the economic burden of medium- and low-income earners amid the recent price increase of some goods.

The amendment will be effective as of March 1, 2008.

Source: Xinhua

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