Chinese residents earning more than 100,000 yuan will have to report their income to Beijing's Tax Bureau from October, according to state media reports.
Currently, companies deduct taxes from the wages of their employees and pay a lump sum to the Bureau each month. However, speaking to the Beijing Morning Post earlier this week, Tax Bureau chief Wang Jiping revealed that this system makes it difficult for the tax authority to know eaxctly how much each taxpayer earns.
As part of the mainland's drive to become more systematic in its tax colllection, and to crack down on tax evasion, therefore, Mr Wang announced that from October, some 300,000 of the country's top wage-earners will be required to fill out income tax returns, as well as contributing to the government's coffers via their employers.
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