EVENT INFORMATION

1
January
2019

Revised individual income-tax law takes effect

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๐Ÿ“… 1 January 2019 ๐Ÿ“ China

The law raised the monthly basic deduction and introduced additional deductions for expenses such as education, housing and healthcare. It changed how personal income was taxed and modestly recognized household costs, while indirect taxes and wealth inequalities remained central features of the fiscal system.

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People in this event

Taxpayers

tax officials

Organizations in this Event

National Peopleโ€™s Congress

State Taxation Administration