The Individual Income Tax Law of the People's Republic of China (2018 Amendment) is the key legislation governing personal income taxation in China. Below is an overview of its key provisions in English, along with relevant tax rates and thresholds. For the full official text, you may refer to government or legal databases.

Key Provisions of the 2018 Amendment:

1. Taxable Income Categories

   • Wages and salaries
   • Income from individual business operations
   • Remuneration for labor services
   • Author’s remuneration
   • Royalties
   • Interest, dividends, and bonuses
   • Lease income
   • Property transfer income
   • Incidental income

2. Tax Calculation Method (Comprehensive vs. Categorized Taxation)

   • Comprehensive Income (e.g., wages, salaries, labor services, author's remuneration, royalties) – Subject to progressive tax rates (see below).
   • Categorized Income (e.g., dividends, lease income, property transfer) – Taxed separately at fixed rates (typically 20%).

3. Progressive Tax Rates (Wages & Salaries, 2018 Revision)

   • Annual Taxable Income (after deductions: RMB 60,000 standard deduction + additional deductions):

     | Tax Bracket | Annual Taxable Income (RMB) | Tax Rate (%) | Quick Deduction (RMB) | |----------------|--------------------------------|-----------------|--------------------------| | 1 | ≤ 36,000 | 3 | 0 | | 2 | 36,001 – 144,000 | 10 | 2,520 | | 3 | 144,001 – 300,000 | 20 | 16,920 | | 4 | 300,001 – 420,000 | 25 | 31,920 | | 5 | 420,001 – 660,000 | 30 | 52,920 | | 6 | 660,001 – 960,000 | 35 | 85,920 | | 7 | > 960,000 | 45 | 181,920 |

4. Special Deductions & Exemptions

   • Standard deduction: RMB 5,000/month (RMB 60,000/year).
   • Additional deductions for:
     • Children’s education
     • Continuing education
     • Medical expenses for serious illnesses
     • Housing loan interest/rent
     • Elderly support (parents over 60)

5. Tax Residency Rules

   • Residents: Taxed on worldwide income if domiciled in China for 183+ days/year.
   • Non-residents: Taxed only on China-sourced income.

6. Withholding & Filing

   • Employers withhold tax for wages/salaries.
   • Self-declaration required for certain incomes (e.g., business operations, high earners).

Official Sources:

• Full English translations may be found on:
  • State Taxation Administration (STA): www.chinatax.gov.cn
  • National People’s Congress (NPC): www.npc.gov.cn

For precise legal applications, consult a tax professional or the Chinese-language original text. Would you like details on a specific provision?