J56 NO.1 ncome-tax threshold likely to double.docVIP

Income-tax threshold likely to double --Sep.15,China Daily The threshold for monthly personal income tax is set to double to 1,600 yuan (US$198) a move experts hail as creating a more equitable society. If, as expected, the amendment to the personal income tax law is approved by the current session(会议, 会期, 开庭期, 学期, 一段时间)of the Standing Committee(常务委员会)of the 10th National Peoples Congress (NPC全国人民代表大会), Chinese earning less than 1,600 yuan (US$198) a month will not pay any income tax. It will ease the burden on low- and middle-income people, mainly wage-earners such as migrant workers (农民工）an