Legislation roundup: Individual income tax, enterprise names and power industry

July 19, 2018 | BY

Susan Mok

Aggregate income is applied to individual income tax, foreign companies may use the word “China” in its names and four industries will be opened for power deregulation.

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Tax

Bill for Amendments to the PRC, Individual Income Tax Law (Draft)

中华人民共和国个人所得税法修正案 (草案)

Article 3 is amended as follows: The individual income tax rates shall be as follows:

(1) a 3%