From Chinese Media
NPC reviews personal income tax proposal
Updated: 2011-06-27 11:07
By Hao Yan (chinadaily.com.cn)
The Standing Committee of the National People's Congress (NPC) will for the second time deliberate a proposed amendment to the country's personal income tax law. The committee will meet from Monday through Thursday this week, Chinanews.com reported.
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The public remains divided on the amendment, which proposes an increase of the threshold for collecting an income tax from 2,000 yuan ($309) per month to 3,000 yuan.
The committee received more than 230,000 recommendations, breaking the previous record of public comments in 2006 on the proposed Labor Contract Law.
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