Personal Income Tax Rate in China is expected to reach 45.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the China Personal Income Tax Rate is projected to trend around 45.00 percent in 2021, according to our econometric models.
China Personal Income Tax Rate
In China, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of China.