Home>News Center>China
       
 

Taxes to be levied on expatriates
(Xinhua)
Updated: 2004-08-02 21:12

Overseas persons who stay in the Chinese mainland for less than a year should pay personal income tax on what they earned within the country, but their incomes from outside the country will be tax-free, a senior official of the Ministry of Finance said Monday.

The official in charge of the Taxation Department of MOF told Xinhua that China has always observed the international practice and avoids double taxation on overseas persons working in China, adding that China will not levy tax on foreigners' incomes earned outside the country.

Non-residents only have to pay tax on the income they earn within the country, said the MOF official who spoke under the condition of anonymity.

According to Chinese law, both residents and non-residents of the country are subject to income taxation. Non-residents include foreigners and overseas persons from Hong Kong, Macao and Taiwan, who have no residency in the country and live here less than one year. They account for the majority of expatriates in China.

China began in 1980 to levy personal income tax, already widely practiced around the world. At that time, since most Chinese people's incomes were below the taxable amount, overseas people working in China consisted of the majority of the group paying personal income taxes.

China overhauled its personal income tax system in 1994 and adopted uniform tax rates for both Chinese and overseas persons. As the economy grew and people's living standards improved, more and more Chinese residents paid income taxes.

In 2003, personal income tax accounted for 6.5 percent of China 's total tax revenue, as compared with 1.4 percent in 1994. Chinese and overseas taxpayers paid a total of 141.8 billion yuan (17.1 billion US dollars) in income tax to the government. The MOF official said personal income tax has become an important source of tax revenue of the Chinese government, which used it as a leverage to narrow the gap between the rich and the poor.

China now adopts different tax rates and pre-tax deduction rates on various types of personal income. Taxable personal income falls into 11 major categories, including wages, salaries, returns of investment, business profits and proceeds from property disposal.

However, the MOF official said the current personal income tax system has a lot of loopholes that can be used for tax evasion and fails to fulfill the principle of equal footing and rational burden.

He said the government is planning to reform the current personal income tax scheme and try to develop a universal tax rate for all while maintaining differential rates for certain taxable items.

However, he noted that inadequate information gathering made it hard for tax offices to monitor the real incomes of individuals. He said the country should accelerate the development of electronic data collection and processing systems on personal incomes.

He said the government needs not haste to reform the current personal income tax system until the necessary conditions are in place.



 
  Today's Top News     Top China News
 

Father: I'll only feed you until you're 18

 

   
 

Lee's visit hampers free-trade talks

 

   
 

HSBC confirms 19.9% stake in Chinese bank

 

   
 

Kerry: Bush policies encourage terrorism

 

   
 

Japanese probing chemical weapons

 

   
 

Taxes to be levied on expatriates

 

   
  Anti-graft official stresses people's rights, interests
   
  HSBC confirms 19.9% stake in Chinese bank
   
  Book: I'll only feed you until you're eighteen
   
  Beijing tries to make its loos better
   
  New Baiyun Airport declared open in Guangzhou
   
  Japanese probing chemical weapons
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Foreigners must pay tax
   
Increase local tax revenues
   
China plans individual income tax reform
   
Campaign against tax evasion launched
  News Talk  
  When will china have direct elections?  
Advertisement
         
主站蜘蛛池模板: 久久天天躁狠狠躁夜夜躁2020| 免费观看毛片视频| 67194老司机精品午夜| 婷婷亚洲综合一区二区| 久久久久综合国产| 最刺激黄a大片免费网站| 亚洲欧美丝袜制服在线| 男人j桶进女人免费视频| 午夜视频久久久久一区| 赵云腹肌下的紫黑巨龙h| 国产成人精品免费视频动漫| (无码视频)在线观看| 在线无码午夜福利高潮视频| 一区二区三区日本视频| 我要看a级毛片| 久久久久无码国产精品一区| 明星造梦一区二区| 亚洲一区爱区精品无码| 歪歪漫画在线观看页面免费漫画入口弹窗秋蝉| 免费看一级性生活片| 美女毛片在线观看| 国产一区二区三区亚洲欧美| 麻豆国产精品有码在线观看| 国产福利免费观看| 综合网激情五月| 国产精品秦先生手机在线| 99久久精品美女高潮喷水| 天天摸天天摸色综合舒服网| 一本久久综合亚洲鲁鲁五月天| 捏揉舔水插按摩师| 久久99国产精品尤物| 日本精品在线观看视频| 久久天天躁狠狠躁夜夜中文字幕| 最新国产精品亚洲| 亚洲一区二区三区偷拍女厕| 欧美国产成人精品一区二区三区 | 岛国大片免费观看| 中文字幕黄色片| 无码成人AAAAA毛片| 久久久国产精品无码免费专区| 日本特黄在线观看免费|