Finance Minister Liu Kun: China will reform the tax system this year

According to surging news reports, Liu Kun said that China will establish a personal income tax collection and management system that combines a combination of comprehensive and classified classification, optimize the tax rate structure, improve the pre -tax deduction, standardize and strengthen tax base, strengthen tax collection management, and give full play to the regulation of personal income tax.

(Beijing Comprehensive News) Chinese Minister of Finance Liu Kun said at a high -level Forum in China that this year, the Ministry of Finance will reform the tax system and rationally improve the basic reduction of expenses according to the changes in the basic consumption level of residents.

This is the first appearance of Liu Kun's first appearance on the international large -scale forum after serving as the Minister of Finance.

At present, China's individual tax is implemented with a classification tax system. It is about to deduct different expenses from 11 categories such as salary salary, labor remuneration, manuscript remuneration, dividend dividends, and property leasing.

Shi Wenwen, director of the Finance and Tax Law Research Center of China University of Political Science and Law, said in early March: This classification tax system is indeed simple in the management and management, but it cannot fully reflect the role of tax regulation of the economy and the rich and the poor.

He believes that the combined syndrome of the above project and pays taxes on a year -on -year summary of taxation can solve the phenomenon of increasing the overall tax burden due to the high income of a certain or monthly monthly income from a certain or monthly collection.Tax regulation of income distribution.

Liu Kun said yesterday: At present, the reform plan of personal income tax is being studied design and demonstration. The overall idea is to combine comprehensive and classification. The overall design and implementation of the plan are in place, and the personal income tax system that is suitable for my country's national conditions is gradually established.

Liu Kun said that according to the changes in the consumption level of the basic life of residents, the basic reduction standards are rationally improved.Increase special expenses such as children's education and medical treatment.

The former Minister of Finance of China Xiao Jie on March 7th, at the press conference of the two sessions, it has stated that at present, the reform plan of personal income tax is being studied design and demonstration. The overall idea is to combine the combination of comprehensive and classification.In place, gradually establish a personal income tax system suitable for our national conditions.

Whether all walks of life will be further improved

In addition, whether the taxation point will be further improved for this tax reform, it has also become the focus of attention from all walks of life.

At present, China's exemptions stipulated in wage tax deduction are 3,500 yuan per month (RMB, the same below, S $ 729).This is a standard set in 2011.At that time, it was raised from 2,000 yuan to 3,500 yuan.

Liu Kun's speech yesterday did not provide further information.He said that the Ministry of Finance will continue to adjust the level of value -added tax rates this year. According to the two -grade direction of the three grades of the government work report plan proposed by Premier Li Keqiang during the two sessions, focusing on reducing the tax rates of manufacturing and transportation industries, and further stimulating stimulationMarket subject is vitality and promote the development of the real economy.

The current three -stage VAT tax rates in China are 17%, 11%, and 6%, respectively, of which the VAT rate of manufacturing is generally 17%, and the value -added tax rate for the transportation industry is generally 11%.

Liu Kun also said yesterday that the Ministry of Finance promoted the legislation and implementation of real estate tax in accordance with the principles of legislation, fully authorized, and step -by -step advancement.He said that in this year's reform work, the Ministry of Finance will also pay close attention to the development of international tax reform, carefully evaluate and judge the new trend of international tax development, and further improve the corporate income tax system.

He said that the Ministry of Finance will further improve the deduction chain, optimize the tax rate structure, improve the export tax refund and other policies and measures, and build a more fair and simple tax system.Combined with the process of value -added tax reform, promote VAT legislation, and finally form a standardized modern VAT system.

At the same time, the reform of the central and local income division will be combined, and the subordination and income of some consumption tax collection and shall be studied and adjusted to promote the improvement of the reform of the local tax system.Adjust the tax system, cultivate local tax sources, strengthen local tax rights, rationalize taxes and fees, and gradually establish a stable and sustainable local tax system.

Liu Kun also revealed that the Ministry of Finance will accelerate the legislative work of the single -line tax law, and strive to complete the drafting of drafts such as taxation laws, resource tax laws, consumption tax laws, stamp tax laws, etc. within the year.