Taxation on High-income Earners Urged in China

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Last updated at: (Beijing Time) Sunday, July 20, 2003

Taxation on High-income Earners Urged in China

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The State Administration of Taxation (SAT) issued a notice over the weekend calling on taxation authorities of all levels in China to intensify the collection and management of personal income taxes, especially those of high-income earners.

The SAT urged major efforts to be made this year in levying taxes on high-income employees in the fields of finance, insurance, securities, electric power, telecommunications, petroleum, petrochemical, tobacco, civil aviation, railway, real estate, urban water and gas supply and publishing houses, as well as employees of foreign-invested enterprises, high-tech enterprises, intermediate agencies, private and cooperative enterprises, and athletic clubs.

In an effort to intensify the collection and management of personal income taxes, a system under which taxpayers are requiredto submit a detailed report on personal income and taxation information will take effect this year.

A special tax-related inspection targeting employees of individual businesses, cooperative enterprises and athletic clubs will be carried out this year, the notice notes.

Those who are found to be involved in tax evasion will be dealtwith in accordance with relevant taxation laws and regulations.

The SAT also calls on taxation departments across the country to improve their services and better safeguard the legitimate rights and interests of taxpayers.

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