Promulgated: July 20 2007
Effective: August 15 2007
Main Contents: The amended Implementing Measures reduce the individual income tax rate for interest income from savings deposits from 20% to 5%.
State Council, Implementing Measures for Levy and Collection of Individual Income Tax on Interest Income from Savings Deposits (Revised)
国务院对储蓄存款利息所得征收个人所得税的实施办法 (修订)
Individual income tax on savings interest significantly reduced.
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