Chinese vote online to raise tax free wages to 900 euro
BEIJING, June 15 (Xinhua) -- Chinese citizens around the country have been debating a proposal to raise the threshold for individual income tax exemption to 3,000 yuan per month.
The NPC Standing Committee, China's top legislature, on Wednesday publicized suggestions and opinions on amending the Law on Individual Income Tax that were submitted online from April 25 to May 31.
Currently, individuals earning under 2,000 yuan (307.7 U.S. dollars) per month do not have to pay income tax. However, a draft amendment to the law proposes to raise the threshold to 3,000 yuan per month.
Among all 82,707 citizens who commented on the proposal, 15 percent of them favored raising the exemption to 3,000 yuan.
However, 48 percent suggested to further raise the exemption to 5,000 yuan per month.Chinese debate raising income tax threshold exemption