Practical Guide to the New Personal Income Tax Law

Author: Yu Guangyuan
Publisher:
Publish Date: 2005-10-01
Features: On October 27, 2005, the 18th meeting of the Standing Committee of the National People's Congress reviewed and passed the "Decision of the Standing Committee of the National People's Congress on Amending the 'Individual Income Tax Law of the People's Republic of China'." The revised Individual Income Tax Law increased the deduction standard for wages and salaries, reduced the tax burden on middle- and low-income wage earners, strengthened the self-declaration obligation for high-income individuals, and enhanced the intensity of tax administration. To facilitate the study, publicity, and implementation of the Individual Income Tax Law, and to help a broad readership understand and master the basic content of the law, this book was written by Yu Guangyuan, Director of the Bill Office of the Budget Work Committee of the Standing Committee of the National People's Congress, who participated in the drafting of the law, along with colleagues from relevant legislative departments.
This book provides a detailed explanation of the tax items, rates, and calculation methods for individual income tax, supplemented by numerous examples. It is divided into the following five parts:
Part 1: Practical Knowledge of the Tax Law
Part 2: Research and Review of the Revision of the Individual Income Tax Law
Part 3: Practical Knowledge of Individual Income Taxation
Part 4: Practical Knowledge of Tax Collection and Administration
Part 5: Selected Taxation Laws and Regulations
This book combines practicality, knowledge, science, and legality, making it a valuable tax reference for tax authorities, financial accountants, and the general public.