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China Post uses a six-digit all-numerical system with four tiers: the first tier, composed of the first two digits, show the province, province-equivalent municipality, or autonomous region; the second tier, composed of the third digit, shows the postal zone within the province, municipality or autonomous region; the fourth digit serves as the ...
Please note that the new Enterprise Income Tax Law of the People's Republic of China has replaced the above two enterprise taxes as of 1 January 2008. Individual income tax in the PRC was not collected until 1980. [2]: 8 "There are no local taxes on personal income in China". [3]
The Chinese government initiated a fiscal and taxation system reform in 1992, prepared and promulgated in 1993, and finally implemented in 1994. The reform was a large-scale adjustment of the tax distribution system and tax structure between the central and local governments, which was regarded as a milestone in the transition of China's fiscal system from planned economy to market economy. [1]
China has been one of the fastest growing economies in the world since the implementation of its reform policies in the late 1970s. This economic growth has been accompanied by a rapid increase in income inequality that China's Gini coefficient increased from 0.310 in 1981 to 0.468 in 2018. [1]
The Individual Income Tax in China (commonly abbreviated IIT) is administered on a progressive tax system with tax rates from 3 percent to 45 percent. As of 2019, China taxes individuals who reside in the country for more than 183 days on worldwide earned income.
ZCTAs or ZIP Code Tabulation Areas are the census equivalent of ZIP codes used for statistical purposes. The reason why regular ZIP codes are not used is because they are defined by routes rather than geographic boundaries. Thus, they have the tendency to overlap and otherwise create difficulties.
Chinese administrative divisions by disposable income per capita in 2014 Chinese administrative divisions by nominal GDP per capita in 2014. Disposable income is total personal income minus personal current taxes. In national accounts definitions, personal income, minus personal current taxes equals disposable personal income.
Division codes for statistical use consist of the administrative division codes and an additional 6 digits, identifying the administrative divisions of China at the village level and above. For example, in the code 110102 007 003, 110102 refers to Xicheng District, Beijing, 007 refers to Yuetan Subdistrict and 003 refers to Yuetan Community.