Personal income tax reform to be launched in the first year

Shenzhen Special Economic Zone reported personal income tax reform will be launched in the first timing next year. One person involved in the design of the scheme said recently that the tax reform did not take a break from raising the starting point, but opted for a reduction in tax rates, which was more pronounced.　　It is said that the 9-level tax rate is reduced to 6 to 7 and that the tax burden for low-and middle-income earners is expected to ease next year. This is only part of the "Twelve-Five" tax package, according to people familiar with the matter.　　In the reduction of corporate tax burden, the abolition of business tax, and thus reduce the value-added tax rate will become a reality in the next five years. Comments: In a tax on wage earners accounted for two-thirds, reduce the wage earners, middle and low income tax burden has become the most strong voice in the community. It is hoped that the reform plan will be successfully introduced.