China alert - Issue 16, June 2011
The 11th Standing Committee of the National People's Congress (NPC) preliminarily examined and released the Draft Amendment to the Individual Income Tax (IIT) Law of the PRC (“Draft Amendment”) via the website of the NPC on 25 April 2011 calling for public opinions. The Draft Amendment has attracted extensive attention from the public and the NPC has received more than 230,000 responses as at 31 May 2011, which was the deadline for submission.
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