State Administration of Taxation, Circular on Amending the Tax Returns for Self Declaration by Individuals with an Annual Income of Rmb120,000 or More

国家税务总局关于修改年所得12万元以上个人自行纳税申报表的通知

November 02, 2007 | BY

clpstaff &clp articles

Reporting of revenue from individuals' share transfer required in tax returns.

Issued: November 2 2007
Effective: January 1 2008

Applicability: Two items have been added to the "income from property transfer" on the new tax return, namely "income from share transfer" and "income from transfer of premises by individuals". Also, the new form now requires taxpayers with business income to fill in the "identification number of business taxpayer" and "name of business taxpayer".

Related Legislation: Measures for Filing Tax Returns for Individual Income Tax for Self Declaration (Trial Implementation), Nov 6 2006, CLP 2006 No.10 p.10

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