China's legislature reads draft laws on income-tax, administrative mandatory

11:20, June 27, 2011      

Email | Print | Subscribe | Comments | Forum 

The Standing Committee of China's National People's Congress (NPC) started bimonthly session Monday to review a batch of draft laws, including draft amendment to the Personal Income Tax Law and draft law on administrative mandatory.

The legislature's bimonthly session will be convened from June 27 to 30.

The draft amendment to the Personal Income Tax Law was submitted for the second reading. The draft amendment revealed on Monday kept the tax exemption threshold at 3,000 yuan (461.5 U.S. dollars), the same as in the first reading.

Lawmakers also reviewed a draft law on administrative mandatory for the fifth time. Once adopted, it would mark the completion of China's legal framework regarding the administrative authority of government agencies.

The draft amendments to law on occupational disease prevention and law on military service were submitted for first reading.

Source: Xinhua
  Weekly review  


  • Do you have anything to say?


Special Coverage
  • Beijing-Shanghai High-Speed Train now in Operation
  • From drought to floods
Major headlines
Editor's Pick
  • Landslide kills 9, injures 4 in north China iron ore factory
  • Clashes erupt after Egypt ex-interior minister's trial deferred
  • Colorful lights at Old Summer Palace
  • Yao Ming shows support for Special Olympics
  • Bride parade held in Russia
  • Hungary marks end of rotational EU presidency
Hot Forum Discussion