The PRC Law on Individual Income Tax

Publication type Article
Status Published
Affiliation: IFES RAS
Address: Russian Federation
Journal nameProblemy Dalnego Vostoka
EditionIssue 2

On August31, 2018 amendments to the PRC Law on individual income tax were adopted. The amendments propose the increase of progressive income tax for individuals with incomes higher than the average. At the same time the minimal non-taxable yearly income increased and the individuals with incomes below 60000 yuan per year (about 5000 yuan per month) were given tax-free status.

KeywordsThe PRC Law on individual income tax, progressive income tax, population living standard, wages, income tax rate, privileges for different population strata, aggregate yearly income
Publication date17.05.2019
Number of characters22245
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1. See: Zhongguo Tunji Nianjian - 1981: [Chinese Statistical Yearbook - 1981]. Beijing: Zhongguo Tunzi Chubanshe, 1982. p. 422, 431.

2. See: Zhongguo Tungzi Zhiayao - 2018: [Chinese Statistical Reference Book - 2018]. Beijing: Zhongguo Tunji Chubanshe, 2018. C. 57.

3. People's Daily. 05.11.2002.

4. Li Chonglin. Dynamics of changes in middle-income strata in China // Russia and China: Middle-income strata in Russia and China: position, dynamics, features of world view / Federal Research Center of the Russian Academy of Sciences; Institute of Sociology, Russian Academy of Sciences. M .: New chronograph, 2018. p. 82.

5. Dandai Zhongguo hehui jieqing yanju baogao: [Report on the study of the social strata of modern China] / ed. Lu Xuei. Beijing: Shehui Kesue Wenxuan Chubanshe, 2002. pp. 11–14, 26.

6. For details, see: Shevel I. Reforming personal income tax in China // Problems of the Far East. 2006. No. 6. P. 51–59.

7. See: Zhongguo tuntszi zhayyao - 2018 ... C. 58–62.

8. Ibid. C. 58.

9. Ibid. Pp. 36–37.

10. For more information about working in the individual and private sector in the mid-1980s, see: Ostrovsky A.V. Formation of the labor market in the PRC. Moscow: IFES RAS, 2003. p. 228–241.

11. See: Zhongguo tuntszi zhayyao - 2018 ... C. 39.

12. See: Zhonghua Renmin Gunhego Geozhen Sodashuyf: [Law of the People's Republic of China on Personal Income Tax]. Beijing: Renmin Chubanshe, 2018. pp. 14–15.

13. See: Zhongguo Tuntszi Zhaiyao - 2018 ... C. 55.

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