Circular on Adjusting the Standard for the Deduction of Expenses with Respect to Individual Income Tax on Owners of Individual Industrial and Commercial Households and Natural Person Investors of Sole Proprietorships and Partnerships

Circular on Adjusting the Standard for the Deduction of Expenses with Respect to Individual Income Tax on Owners of Individual Industrial and Commercial Households and Natural Person Investors of Sole Proprietorships and Partnerships
Circular on Adjusting the Standard for the Deduction of Expenses with Respect to Individual Income Tax on Owners of Individual Industrial and Commercial Households and Natural Person Investors of Sole Proprietorships and Partnerships

Cai Shui [2011] No.62

July 29, 2011

The finance departments(bureaus) and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the central government, cities specifically designated in the state plan and the offices of the State Administration of Taxation in Tibet, Ningxia and Qinghai provinces(autonomous regions) and the finance bureau of Xinjiang Production and Construction Corps:

According to the provisions of the Individual Income Tax Law as amended, its implementing regulations and the relevant polices, issues of the standard for the deduction of expenses with respect to individual income tax for owners of individual industrial and commercial households and natural person investors of sole proprietorships and partnerships are hereby set out as follows:

I.
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