Experts say that the exemption amount will be raised to 3,000 yuan, half of urban employees will be exempted from individual tax

Experts said that half of the urban employees will be exempted from individual tax. The 10th meeting of the Standing Committee of the National People's Congress will be held from January to Sunday. This meeting will review the amendment (draft) of the Individual Income Tax Law. Analysts predict that taking into account the increase in residents' basic living expenses, the personal tax exemption is expected to increase from the previous yuan to yuan to yuan. In order to reduce the burden of low- and middle-income earners, the tax rate structure is expected to reduce the previous level of excess progressive tax rates, and more low- and middle-income earners will apply the% tax rate. According to estimates, if the individual tax adjustment is implemented according to the above-mentioned standards, the tax burden of% of individual taxpayers will be reduced. When the personal tax exemption is RMB,% of urban employees pay personal tax. If the tax exemption is increased to RMB, about half of the urban employees will be exempt from the tax. This amendment to the tax law (draft) will increase the tax exemption for the third time in five years. Analysts pointed out that this means that my country's personal income tax has established a dynamic adjustment mechanism. Increasing the personal tax exemption takes into account the changes in the average domestic income level, maintaining a certain taxpayer population and coverage, which is conducive to the use of taxation to adjust income distribution. In the future, a comprehensive and classified personal income tax system will be gradually established and improved.