Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Moore Threads Plans Hong Kong Listing to Fuel AI Chip Push
Alibaba Opens Qwen Platform to Outside Developers in Push to Build AI-Agent Ecosystem
Cautious Regulators Steer China’s Flying Vehicle Industry to Prioritize Cargo Over Commuters
LATEST
Cautious Regulators Steer China’s Flying Vehicle Industry to Prioritize Cargo Over Commuters
Alibaba Opens Qwen Platform to Outside Developers in Push to Build AI-Agent Ecosystem
Moore Threads Plans Hong Kong Listing to Fuel AI Chip Push
Beyond the Backflips: Unitree Robotics Faces High Expectations Ahead of Shanghai Debut
ByteDance Accepts AI Gap, Sticks With In-House Models
MiniMax Shares Surge After Joining Hong Kong Stock Connect
Chinese Robotics Startup PokeBot Raises Hundreds of Millions of Dollars
U.S. Drafts Ban on Chinese Optical Modules, Exposing Mutual Supply Chain Risks
Alibaba Releases New Qwen Model, Consolidates AI Office Tools
DeepSeek Releases Official V4-Flash Model as China’s AI Race Intensifies
ByteDance, MiniMax Roll Out Upgraded AI-Video Models
Zhongji Innolight Slides in Hong Kong Debut Following $7 Billion IPO
Zhongji Innolight Rebounds After Buyback Plan, Easing Jitters Ahead of Hong Kong Debut
Lenovo Capital Executive Warns of Reckoning for China’s Crowded AI-Powered Robotics Sector
U.S. Takes Aim at Chinese Robot-Makers With Sweeping Import Ban
SK Hynix’s Earnings Miss Adds to Anxiety Over AI Boom
Consumer-Electronics Makers Bet on AI Agents as Phones, Glasses Compete
Moonshot Open-Sources Kimi K3 as U.S.-China AI Tensions Intensify
TikTok Faces New EU Penalty Threat Over Children’s Safety
AgiBot Begins Hong Kong IPO Process as China’s Embodied-AI Startups Race to List

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