The supporting reform of personal income tax will accelerate the overall design plan.

The reporter of China Securities network learned from the industry that the supporting reform measures of personal income tax reform will accelerate. Including formulating the overall plan for the construction of personal income and property information system, promoting the establishment of a natural person tax management system adapted to the personal tax reform, and further improving the personal tax risk analysis system, as well as the research and proposal of supporting management measures will be promoted this year. The industry believes that the acceleration of supporting measures will further remove obstacles for the faster and better promotion and implementation of this round of personal income tax reform.

According to the news of Economic Information Daily on the 11th, “the reform plan of personal income tax is currently being studied, designed and demonstrated.” Xiao Jie, Minister of Finance, pointed out when responding to the progress of personal income tax reform during the NPC and CPPCC this year. According to reports, the personal income tax reform will be promoted in accordance with the path of “The overall design and implementation of the plan are in place step by step, and gradually establish a personal income tax system suitable for China’s national conditions.

In fact, the overall design scheme of this round of personal income tax reform, which has attracted much attention, has been clearly seen: aiming at the new tax system of “combination of synthesis and classification”, wages and salaries, labor remuneration, some income items, such as remuneration, are subject to annual tax collection, and at the same time, the special expenses related to family livelihood, such as the education expenditure of the two-child family, are appropriately increased. On the other hand, income items from property transfer and other aspects continue to be collected by classification.

As for the issue of raising exemption entitlement that taxpayers are generally concerned about, Xiao Jie said, “when studying and formulating reform plans, we will make comprehensive calculations based on factors such as residents’ consumption level to determine whether to raise exemption entitlement, if it should be improved, it will be improved.”

At present, accelerating the personal tax reform has become a relatively consistent voice in the industry.

The reporter of China Securities network learned from the industry that the supporting reform measures of personal income tax reform will accelerate. Including formulating the overall plan for the construction of personal income and property information system, promoting the establishment of a natural person tax management system adapted to the personal income tax reform, and further