SOURCE / ECONOMY
NPC deputy suggests to halving personal income tax in Northeast China
Published: Mar 08, 2021 02:23 PM
A man works at a workshop of Harbin Dongan Automotive Engine Manufacturing Co., Ltd. in northeast China's Heilongjiang Province, Feb. 25, 2021.(Photo: Xinhua)

A man works at a workshop of Harbin Dongan Automotive Engine Manufacturing Co., Ltd. in northeast China's Heilongjiang Province, Feb. 25, 2021.(Photo: Xinhua)



Personal income tax for residents in Northeast China's Heilongjiang, Jilin and Liaoning provinces should be decreased by 50 percent on the premise of previous taxation law and tax burden, advised executive vice governor of Liaoning Province Chen Xiangqun on the government work report revise meeting on Friday, according to China Business Journal report. 

China's current personal income tax exemption is 5,000 yuan per month. According to National Bureau of Statistics, disposable income (DPI) in the third quarter of 2020 in Heilongjiang, Jilin and Liaoning was at 17,077 yuan ($2,623.72), 18,416 yuan and 24,640 yuan respectively. 

Chen also suggested central government to provide greater support to three provinces of Northeast China in order to thrive local economy and coordinate development of Beijing-Tianjin-Hebei region, such as planning large-scale transportation infrastructure construction and technical projects, and building transportation channel among China, Russia and Mongolia. 

During the meeting, several deputies also stressed their focus and commitment on the future development of three provinces of Northeast China.