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| Chinese Finance Minister Jin Renqing
(Front) addresses the 17th session of the Standing Committee of the 10th
National People's Congress held in Beijing on August 23, 2005. The draft
amendment of the Personal Income Tax Law was submitted to the session for
the first deliberation August 23. (Xinhua
Photo) | BEIJING, Aug. 23 (Xinhuanet) -- China's top legislature is to
amend a law for lifting the start-line of personal income tax collection.
According to the draft amendment, the personal tax
collection starting line will be increased from the current 800 yuan to 1,500
yuan so as to relieve the tax burden for the middle and low-income groups.
The draft amendment of law on personal income tax was
submitted to the 17th session of the Standing Committee of the National People's
Congress (NPC) for first deliberation on Tuesday. Enditem |