Home | About Us | Contact Us | Site Map | Chinese
News | Biz | Pearl River Delta | Enjoy Life | Culture | Travelling | Pics | Cities & Towns | Gov Info | Specials
Home > News Brief > Guangdong
Evading income tax reporting
Latest Updated by 2007-03-22 11:45:03
Related News
Workers ignorant about tax mandates
SZ braces for impact of tax reform
Expats pay 15% of Shekou income tax
Guangdong News
Shenzhen sets 13% growth target
Evading income tax reporting
SZ braces for impact of tax reform

The individual income tax declaration may not be promoted smoothly unless more substantial reforms are made to the tax system itself, says a signed article in Guangzhou Daily. An excerpt follows:

The State Administration of Taxation requires those with an annual income of more than 120,000 yuan ($15,480) to declare their personal income tax to the taxation bureau between January 1 and March 31.

Although the deadline is just days away, only a minority have so far complied.

About one-fourth of those who should make the declaration in Beijing have done so, and no more than 300 people have filled in the declaration forms in all of Gansu Province.

The declaration requirement is designed to collect detailed information on taxpayers. Yet, this goal is not reached when it lacks public support.

Such opposition originates from the defects in the scheme itself and the ways of promoting it.

The nation has expected too much from the individual income tax, with the majority expecting a narrowing of the income gap and redistribution of resources among different social groups.

The individual income tax, mainly collected from employed people in urban areas, is unlikely to have significant effect in bridging the income gap because the gap is primarily produced by income difference between urban and rural residents.

Citizens pay a progressive income tax ranging from 5 to 45 percent.

As the rich are more highly taxed, they have stronger incentives to evade the taxes instead of paying taxes to aid the government in helping the poor.

It is necessary to change the progressive tax rate to encourage all to pay their taxes according to the law. A successful precedent is found in Russia, which abandoned its progressive tax rate for a uniform tax rate for all individuals. The Russian government saw an increase in income tax returns, with citizens more compliant in paying taxes.

Editor: Yan

By: Source: China Daily Website
Previous:  Shenzhen sets 13% growth target  Next:

Only a half cake and bread safety qualified

Students celebrate spring festival with german students over the Internet

[Guangzhou] Eight New Attractive Places of Liwan District Selected

Guangzhou Port leaps to be world's fifth largest

Bai Ling vs Victoria Beckham
This site contains material from other media for content enrichment purpose only.
The website do not endorse such content and do not bear the joint responsibility of their copyright infringement.
The views expressed in written material posted to the bulletin boards of are those of the authors and/or publishers. The website does not endorse information products posted by organizations and individuals here. The originators of these information products are solely responsible for their content.
For copyright infringement issues, you shall contact within thirty (30) days. Email:
If you find any error in this page, please drag your mouse to mark the text with error, then press "CTRL" and "ENTER", to inform us. Thanks for your help!
Home  |  About Us  |   Contact Us  |  Site Map  |  Chinese
©2005 WWW.NEWSGD.COM. All rights reserved.registered number 020074 Terms of Use | Advertise | ICP Certificate No.B2-20050252
Guangdong Gov Link
Guangdong Gov Brief
State Structure
Guangdong in Brief
Laws & Regulations
Exchange Rate
Guangdong Guide
Museum Museum
University University
Eat Eat
Shopping Duting
Night Life Night Life
Weather Weather
Phone No. Phone Num
Consulate Consulate
Airport Airport
Travel Tips Tours Tips