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Individual income tax threshold to remain: MOF
(chinadaily.com.cn)
Updated: 2010-03-14 15:25
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China will not raise the individual income tax threshold, the Ministry of Finance said, according to a report?in the Economic Observer.
Proposals were presented during the annual legislative sessions to raise the threshold to ease the burden of medium and low income earners.
China's current monthly individual income tax cut-off point stands at 2,000 yuan.
