Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Tech Brief (Sept. 26): Trump Approves TikTok Deal
Yangtze Memory’s Parent Restructures to Pave Way for IPO Amid Sanctions Pressures
Xiaomi Ups the Stakes in Premium Market With iPhone-Style 17 Series
LATEST
Chinese Chipmaker Moore Threads Gets Fast Track Approval to $1.1 Billion IPO
Chinese Drone Maker XAG Files for Hong Kong IPO After First Annual Profit
GPT Weekly: Nvidia to Invest $100 Billion in OpenAI
Tech Brief (Sept. 26): Trump Approves TikTok Deal
Xiaomi Ups the Stakes in Premium Market With iPhone-Style 17 Series
Yangtze Memory’s Parent Restructures to Pave Way for IPO Amid Sanctions Pressures
Tech Brief (Sept. 25): Alibaba Launches AI Models
Alibaba Bets Big on ‘AI + Cloud’ With New Models, Nvidia Deal
GlobalFoundries Boosts U.S. Investment, Adds China Fabs to Meet Auto Chip Demand
Tech Brief (Sept. 24): Mercedes-Benz, ByteDance Partner on In-Car AI
Tech Brief (Sept. 23): Nvidia Plans $100 Billion Investment in OpenAI for AI Data Centers
Tech Brief (Sept. 22): Trump Says Murdoch Family May Be Involved in TikTok Deal
GPT Weekly: CoreWeave Secures $6.3 Billion Nvidia Order
Huawei Unveils Three-Year AI Chip Roadmap as Nvidia Faces Setbacks in China
Tencent Cloud Shuns Price War in Intensifying AI Race
China’s Regulator Ramps Up Push to Curb Food Delivery Subsidy War
Chinese Robot Startup Unitree Gears Up for Market Debut
China Enforces AI Content Labeling Rules to Curb Misuse
Tech Brief (Sept. 2): China Rolls Out Mandatory AI Labeling
Meituan Enters Open-Source AI Race With LongCat Model

By Teng Jing Xuan / Dec 04, 2018 04:54 PM / Politics & Law

People can be blocked from leaving China if they owe more than 100,000 yuan ($14,616) in taxes starting next month, Xinhua reports.

That’s one-tenth the previous threshold of 1 million yuan.

High-profile tax evaders like movie star Fan Bingbing have been the most notable targets of tax-evasion laws so far, but the new threshold could even snag someone with a relatively modest monthly income of around 20,000 yuan who hasn’t coughed up taxes in a couple years.

The change is part of China’s ongoing overhaul of its tax system and a recent crackdown on tax evasion. A new individual income-tax system that widens the country’s lower tax brackets and requires some foreigners to pay higher taxes is set to take effect next year.

Share this article
Open WeChat and scan the QR code