China has recently amended the personal income tax law, the tax threshold are adjusted from the current 2,000 Yuan to 3,500 Yuan. But Liu Zuo, a researcher of State Administration of Taxation Institute, said, “3500 Yuan is the outcome which already subtracted social insurance. Actually, if your monthly salary is below 4545 Yuan, you don’t have to pay taxes at all”. Besides, Monthly salary of 5,000 earners, the monthly payment of a tax is only 10.5 Yuan; Monthly salary of 10,000 Yuan earners has to pay a monthly tax 315 Yuan.
Caijing
Translated and edited by Peng Bo. He is now an editor of m4.cn. Write to him at pb.bloomberg@gmail.com.