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Personal income tax cutoff point lifted for foreigners in Beijing
(Xinhua)
Updated: 2006-02-08 11:25 Foreigners working in Beijing
have their personal income tax cutoff point raised to 4,800 yuan (590 U.S.
dollars) from 4,000 (490 U.S. dollars) since this year, a local paper reported
Wednesday.
As China lifted the personal income tax cutoff point from 800 yuan to 1,600
yuan a month from January 1, 2006, the deduction for foreign workers' personal
income tax also increased by 800 yuan to 4,800 yuan, the Beijing Times quoted a
local taxation official as saying.
According to China's law on personal income tax, this new cutoff point is
applicable to foreign staff in foreign-funded and foreign companies in China,
foreign experts working in enterprises, social organizations and government
departments, etc., the paper said.
By the end of 2005, the number of foreign staff residing in Beijing was
approximately 65,000.
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