| Chinese Version          

Shi Yaobing, vice minister of MOF, disclosed in the press conference of 1st Session of 13th National People’s Congress, the individual income tax reform would be switched from classification levy to combination of synthesis and classification. Some of the labor incomes, such as the wages and salaries, remuneration from labor service, authors’ remuneration, loyalties and other comprehensive incomes, will be consolidated and be levied upon a defined basic deduction fee.   

 

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Released by China Accounting on  June 29, 2018, please indicate the source and author. 

Original Link:http://news.esnai.com/2018/0307/170663.shtml

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