Seven years have passed since China's individual income tax exemption was adjusted to 3500 yuan. Since the national "two sessions" this year, the topic of adjusting the threshold of individual income tax has been concerned by netizens. How to adjust the starting point of individual income tax? It has been adjusted from the original 3500 yuan to 5000 yuan.
The highly concerned draft amendment to the individual income tax law was submitted to the third meeting of the Standing Committee of the 13th National People ' To 5000 yuan per month (60000 yuan per year).
For the first time, we will increase special additional deductions such as children's education expenditure, continuing education expenditure, serious illness medical expenditure, housing loan interest and housing rent; we will optimize and adjust the tax rate structure, and expand the lower tax rate range & hellip; & hellip; let's focus on the unprecedented personal tax reform.