Debate on raising tax threshold

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Recent amendments to the law on individual income tax have sparked heated online debate. Pubic opinion varies as to whether or not China's income tax threshold should be raised.

Over 82 thousand citizens have submitted comments on the proposal since April, and 35 percent are opposed to raising the level of untaxable monthly income to 3000 yuan. But while 15 percent support the move, another 48 percent believe the exemption threshold should be raised even further, to above 3-thousand. Many people favor a multi-layered system, with varying thresholds for people in different provinces.

In terms of the breakdown of those giving opinions, 43 percent were from Beijing, Shanghai and Guangdong Province. Nearly half the participants have a monthly income of between 3,000 and 7,500 yuan. The monthly tax exemption threshold currently stands at 2000 yuan.

Editor:Zheng Limin |Source: CNTV.CN


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