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In view of the special additional deduction policy for personal income tax issued over the weekend in China, analysts believe that the new additional deduction and the annual tax deduction will increase the disposable income of middle-class families, promote the medical treatment, continuing education expenditure and consumption upgrade, and also promote the long-term development of the rental market. Providing institutional catalysis.
In June 27, 2018, a shopping center in Beijing, China. REUTERS/Jason Lee
Consumer-themed stocks in China's stock market were among the biggest gainers in early trading on Monday, with the announcement of a special tax deduction at the weekend, which is expected to stimulate consumer spending after its formal implementation.
* Children's education: 12000 yuan per child per year (1000 yuan per month).
* continuing education: academic education is 4800 yuan per year (400 yuan per month), and vocational qualification education is 3600 yuan per year.
* serious illness medical treatment: personal burden of medical expenses over 15000 yuan part of 60000 yuan per year.
* interest on the first set of housing loans: 12000 yuan per year (1000 yuan per month).
* Housing rent: 14,400 yuan per year (1,200 yuan per month) for municipalities directly under the Central Government, provincial capitals and cities with separate plans; 12,000 yuan (1,000 yuan per month) for cities with more than 1 million people; and 9,600 yuan (800 yuan per month) for cities with less than 1 million people.
* support for the elderly: 24000 yuan per year (2000 yuan per month).
please contact
sales@tanchin.hk for any inquiry
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