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What is covered in this report?

  • Information on China's turnover tax as % of tax returns.
  • China's government revenue as a % of their GDP.
  • China's Government revenue breakdown: Central Vs Local.

Author: Mr Suyang Zhou (CEIC Data Research Analyst)

Publish Date: September 3rd, 2018

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The new individual income tax scheme was finally settled on Aug 31, 2018. In recent months wage earners in China have been closely following the new amendments on the taxable threshold, coverage of special deduction, and the highest marginal tax rate.

In this special report, we compared the tax burden between new and old tax schemes and calculated the real tax cut effect.

More in this report.