Caixin
Caixin Global – Latest China News & Headlines

Home >

TRENDING
Unitree to Debut at 61 Billion Yuan Valuation in Closely Watched Shanghai IPO
U.S. Appeals Court Orders Review of Pentagon’s DJI Designation
Alibaba to Sell Gaming Unit as It Sharpens AI Focus
LATEST
U.S. Appeals Court Orders Review of Pentagon’s DJI Designation
Unitree to Debut at 61 Billion Yuan Valuation in Closely Watched Shanghai IPO
Alibaba to Sell Gaming Unit as It Sharpens AI Focus
China’s DJI and Arashi Vision Escalate Battle for 360-Camera Market
Didi Swings to Quarterly Profit, but Overseas Push Weighs on First-Half Results
Z.AI Pushes AI Model With Coding Edge to Rival Anthropic, Open AI
DeepSeek Launches V4-Pro and Raises API Prices by as Much as 1,100%
Tencent Shares Fall as AI Spending Squeezes Profit
Honor’s New Smartphone Doubles as a Robotic Camera Operator
YMTC Overtakes Kioxia by Shipments to Rank No. 3 in Global NAND Market
ModelBest Begins Pre-IPO Tutoring as On-Device AI Competition Heats Up
U.S. Proposes Ban on Domestic Drone Maker Over Alleged DJI Ties
Manus Cuts Ties With Meta as Tencent Emerges as Top Backer
Cautious Regulators Steer China’s Flying Vehicle Industry to Prioritize Cargo Over Commuters
Alibaba Opens Qwen Platform to Outside Developers in Push to Build AI-Agent Ecosystem
Moore Threads Plans Hong Kong Listing to Fuel AI Chip Push
Beyond the Backflips: Unitree Robotics Faces High Expectations Ahead of Shanghai Debut
ByteDance Accepts AI Gap, Sticks With In-House Models
MiniMax Shares Surge After Joining Hong Kong Stock Connect
Chinese Robotics Startup PokeBot Raises Hundreds of Millions of Dollars

By Teng Jing Xuan / Dec 04, 2018 04:54 PM / Politics & Law

People can be blocked from leaving China if they owe more than 100,000 yuan ($14,616) in taxes starting next month, Xinhua reports.

That’s one-tenth the previous threshold of 1 million yuan.

High-profile tax evaders like movie star Fan Bingbing have been the most notable targets of tax-evasion laws so far, but the new threshold could even snag someone with a relatively modest monthly income of around 20,000 yuan who hasn’t coughed up taxes in a couple years.

The change is part of China’s ongoing overhaul of its tax system and a recent crackdown on tax evasion. A new individual income-tax system that widens the country’s lower tax brackets and requires some foreigners to pay higher taxes is set to take effect next year.

Share this article
Open WeChat and scan the QR code