Events: Tax threshold will increase to 3,000 yuan nine tax rates were cut to 7
| Event Details:
Minimum and maximum tax rates remain unchanged, the rate-level meeting by the nine down to seven, corresponding to the total amount of adjusted taxable income; tax reform will continue step by step
Eleventh National People's Congress next week in the twenty-fourth meeting to consider the draft amendment of personal income tax law, contour up slowly. Reporters today (April 14) from informed sources, the tax reform, wage and salary income would cost the standard deduction (the "threshold"), from the current 2,000 yuan to 3,000 yuan.
For the progressive rates, the current minimum rate of 5% and 45% of the highest tax rates remain unchanged, reducing class time will be 9 to 7, and the tax rate times the corresponding level of taxable income all the adjustments, will be increased.
The NPC Standing Committee meeting will be held April 20 to 22 in Beijing. Informed sources said the first trial is expected to draft a tax reform will be passed.
China Tax Law, vice president of Yu Guangyuan, told reporters today the new wealth, the tax rate was reduced more than levels, in order to better play a regulatory role, but the amount of increased tax rate bracket, for example, corresponds to the original 45% rate of monthly taxable income amount is more than $ 100,000, can be increased to more than $ 150,000, or even 20 million. Accordingly, the following additional class times rate corresponding to the taxable income also increased, such a tax would reduce the payroll tax burden.
2011 tax reform is the only real tax reform, public expectations for a long time. The reform will raise the threshold to reduce the rate of class times, adjust the bracket to reduce the personal income tax burden, especially in low-income tax burden.
Jia Kang, director of the Institute of Fiscal Science, April 13, talked about tax reform, said the levy starting up, this low-income tax cuts for high income that is tax cuts, tax cuts and high-end than the low-end more apparent.
Under the existing personal income tax law, the first monthly wage income net of "full insurance", minus the cost of 2000 yuan, the excess, according to progressive rates of tax section, that part does not exceed $ 500 by 5% tax on more than 500-2000 yuan part of tax of 10% over 2000-5000 yuan part of the 15% tax, and so on, each level of the tax rate by 5 percentage points. The final tax burden is to tax under the tax increase at all levels of the total.
A progressive tax reform, the future will continue to implement. Jia Kang said it is estimated a tax reform is a gradual process over time is likely to step by step, gradually implement the 11 categories are now based tax system, to integrated and classified system. (Source: financial new network)
(Editor: Si Han) |
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