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China raises individual income tax threshold
2007/12/29 10:17 (Beijing - China)
Source:

    China's top legislature on Saturday adopted a law amendment to raise the country's individual income tax threshold from 1,600 yuan a month to 2,000 yuan.

    The individual income tax threshold increase was believed to relieve the economic burden of medium- and low-income earners amid the recent price increase of some goods.

    The amendment will be effective as of March 1, 2008.


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