Money
China considers law to offer personal income tax relief
Updated: 2011-04-20 12:58
(Xinhua)
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Lawmakers began to deliberate the draft amendment to the Individual Income Tax Law for the first time on Wednesday. The draft increases the minimum threshold for personal income tax from 2,000 yuan($306) a month to 3,000 yuan a month and cut the number of income tax brackets from nine to seven.
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