With the upcoming two sessions of the National People’s Congress in 2022, Dong Mingzhu, deputy to the National People’s Congress, Gree Electric Appliances Inc.Of Zhuhai(000651) chairman and President, paid attention to the topic of individual income tax again, and proposed to raise the threshold of individual income tax and strengthen the collection and management of individual income tax on non wage income.
Dong Mingzhu believes that when the lower individual income tax threshold increases the salary of the enterprise, the profit of ordinary employees is far less than the cost of the enterprise, which reduces the sense of gain of employees and increases the cost of the enterprise. The collection and management of capital income is relatively loose, and some high net worth people conduct tax planning or tax evasion between individual income taxes of different income types and between individual income tax and enterprise income tax.
Dong Mingzhu proposed to improve the tax threshold. Improve the tax supervision mechanism, strengthen the tax collection and management of non wage income, innovate the tax supervision mechanism, rely on the accurate classified supervision of tax big data, severely crack down on tax evasion and other events that violate the principle of tax fairness, and promote social fairness, justice and common prosperity.
The shell finance reporter of Beijing News noted that since 2017, Dong Mingzhu has been paying attention to the topic of individual income tax for many years. At the two sessions in 2017, Dong Mingzhu proposed to raise the threshold of personal wages and salaries to 5000 yuan and establish a dynamic adjustment mechanism according to the growth of residents’ income and consumption expenditure in recent years.
On August 31, 2018, the decision to amend the individual income tax law was passed, with a threshold of 5000 yuan per month, and the latest threshold and tax rate will be implemented from October 1, 2018. Since then, Dong Mingzhu once again made suggestions for raising the threshold of individual income tax. The board of directors proposed to raise the Pearl tax by two points from 2021 to 2021.
The shell finance reporter of the Beijing News noted that in 2022, Dong Mingzhu proposed seven proposals on behalf of the two sessions, mainly focusing on several topics such as social livelihood and business environment. In the field of social and people’s livelihood, “suggestions on increasing the threshold of individual income tax and strengthening the collection and management of individual income tax on non wage income”, “suggestions on allowing enterprises to flexibly arrange legal holidays” and “suggestions on establishing mandatory standards for the safe service life of household appliances as soon as possible”.
In the field of improving the business environment, “suggestions on strengthening the protection of enterprises’ independent training talents”, “suggestions on establishing a national intellectual property court as soon as possible” and “suggestions on encouraging enterprises to return more taxes to invest in independent research and development”.
