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New Ruling to Govern Income Tax Collection

The State Administration of Taxation lately has new rules promulgated to guarantee a good job of income tax collection and no loss of taxes from individuals on a unified payroll of government institutions and departments in China.

Following the rules issued, all financial departments (government institutions and administrative units) involved will be held as compulsory agencies responsible for collection of income taxes from the individuals on their payroll. This will be in the way since the individuals are on their payroll and come to have their pay their income taxes must be withheld according to law.

(People's Daily 03/07/2001)

Tax Targets Set for Next Five Years
Overview of the 2000 Tax Revenue
New Tax System on the Way
Tax Collection Law to Regulate Government Conduct
Interest Tax Revenue Increasing
Tax Revenues for Deposit Interest Exceed 12 Billion Yuan
Taxation System to Witness Great Change
Beijing Individual Tax Revenue Rising
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