In 2019, the Personal Income Tax Law underwent significant revisions to better align with modern economic conditions and enhance fairness. One of the most notable changes was the introduction of a new tax-free allowance, which increased from ¥3,500 to ¥5,000 per month. 💸 This adjustment effectively reduced the tax burden for many middle-income earners, offering them more disposable income.

Another key update was the implementation of special additional deductions. These include expenses such as childcare, education, housing loans, and medical costs. 🏡📚🏥 Parents and students can now enjoy these benefits, making life more affordable for families.

The reform also introduced stricter enforcement measures to combat tax evasion. This ensures that high-income individuals and corporations contribute their fair share to society. 💪

Overall, these changes reflect a commitment to creating a fairer tax system that supports both individuals and businesses in China. 👨‍💼👩‍💼