PRC Individual Income Tax Law (4th Revision)

中华人民共和国个人所得税法 (第四次修正)

July 02, 2007 | BY

clpstaff &clp articles &

Tax law revised to allow reduction and waiving of tax on savings interest.

Clp Reference: 3230/07.06.29 Promulgated: 2007-06-29 Effective: 2007-06-29

Promulgated: June 29 2007
Effective: As of date promulgation

Main Contents: Article 12 of the Law is revised from "The time and procedures for collection of individual income tax on interest earned on savings deposits shall be stipulated by the State Council." to "The levy, reduction and waiving of individual income tax on interest earned on savings deposits and the specific measures thereof shall be stipulated by the State Council."

Related Legislation: PRC Law on the Administration of the Levy and Collection of Taxes (Revised in April 2001), Apr 28 2001, CLP 2001 No.5 p.12 & CLP 1995 No.3 p.12

clp reference:3230/07.06.29promulgated:2007-06-29effective:2007-06-29

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]