The Amendment To The Tax Law Is Now Under Consideration For &Nbsp; The Threshold Will Be Adjusted To 3000 Yuan.

The draft amendment to the personal income tax law, which was deliberated by the Standing Committee of the National People's Congress on the 20 day, intends to raise the standard of deduction of personal wages and salaries from the current 2000 yuan / month to 3000 yuan / month.

To bring tax revenue into full play

News background:

All previous

September 10, 1980: the "personal income tax law" was adopted, and the threshold was 800 yuan.

September 1986: the State Council promulgated the Provisional Regulations on personal income adjustment tax, and unified the Levy of personal income adjustment tax on the personal income of its citizens, with a levy of 400 yuan.

October 31, 1993: the starting point is 800 yuan.

1999: the Beijing Local Taxation Bureau raised the tax threshold to 1000 yuan.

September 1, 2003: Beijing's personal tax threshold has been raised to 1200 yuan.

October 27, 2005: the threshold has been raised to 1600 yuan.

December 23, 2007: the starting point is adjusted to 2000 yuan.

The current nine level tax rate

At present, China has implemented an excess 9 progressive tax rate on wages and salaries, with a tax rate of 5%-45%.

The first level is to deduct the proportion of not more than 500 yuan after the starting point, corresponding to 5% of the tax rate; the second level is 500 yuan to 2000 yuan after deducting the starting point, corresponding to 10% tax rate; third level is deducted from the threshold after more than 2000 yuan to 5000 yuan, the corresponding tax rate is 15%.

By analogy, the final level is a deduction of 2000 yuan after the threshold, over 100 thousand yuan, its taxable rate of 45%.

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