State Administration of Taxation, Circular on Clarifying the Implementation of Personally Filing Tax Returns by Individuals with Annual Income of Rmb120,000 or More
国家税务总局关于明确年所得12万元以上自行纳税申报口径的通知
January 31, 2007 | BY
clpstaff &clp articlesIndividuals required to report equity and property speculation gains in income tax returns.
Issued: December 15 2006
Main Contents: Aside from calculating one's annual income in accordance with the Measures for Filing Tax Returns for Individual Income Tax Personally (Trial Implementation), a taxpayer with an annual income of Rmb120,000 or more shall also calculate the amount of his/her annual income in accordance with the following stipulations.
Income from remuneration for personal services and income from royalties: tax fees paid in the course of providing personal services or transferring royalties or use rights may not be deducted.
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