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Decree of the President of the People's
Republic of China
No. 66
The "Decision of Standing Committee of National
People's Congress on Amendment of Law of the People's Republic of China on
Individual Income Tax" has been approved by the 10th Session Standing Committee
of the National People's Congress of the People's Republic of China in its 28th
meeting on Jun. 29, 2007. It is now promulgated and shall come into effect from
the date of promulgation.
President of the People's Republic of China: Hu
Jintao
Jun. 29, 2007
Decision of Standing Committee of National People's
Congress on Amendment of Law of the People's Republic of China on Individual
Income Tax
(Adopted and promulgated by the 10th Session
Standing Committee of the National People's Congress of the People's Republic of
China in its 28th meeting on Jun. 29, 2007)
The Law of the People's Republic of China on
Individual Income Tax is amended as following in the 28th meeting of the
Standing Committee of 10th session of National People's Congress:
The 12th article is such modified that "The
individual income tax imposed, reduced or ceased to impose on the interest of
savings and its concrete method shall be subject to the State Council.". This
decision shall come into force from the date of promulgation.
The Law of the People's Republic of China on
Individual Income Tax shall be made corresponding modification in accordance
with this decision, and then be renewed and
promulgated. | 
