Promote personal tax reform to better benefit people’s livelihood, says official. New tax reduction policy that increases the standard policy for special additional deductions for personal income taxes.
The Central Economic Work Conference proposed “planning a new round of fiscal and taxation system reform” It is worth looking forward to how personal income tax can be further optimized and improved in the new round, he says. The reform mainly focuses on two aspects, namely optimizing the scope of comprehensive income collection and improving special additional deduction items and standards.