60 million people no longer need to pay tax. Ya gotta love China!

Update on China Income Tax changes

In an earlier post entitled “Individual Income Tax Law” we talked about the proposed changes to the tax system and how this would benefit China sourcing.

Here is the latest

Happy to say the change has become law as of Sept 1, 2011 and impacts 60 million people

Here is a link to the story in the English language China paper and here is my blog post on how this change benefits us buyers.

Wishing you successful China Sourcing!

Best Regards,

Mike Bellamy

China Operations Director, PassageMaker Sourcing Solutions (3rd party assembly & inspection to protect intellectual property and ensure quality.)

Chairman of the Advisory Board, China Sourcing Information Center

Author, The Essential Reference Guide to China Sourcing

LinkedIn Profile: http://www.linkedin.com/pub/michael-bellamy-author-business-owner-volunteer-advisor/8/52a/389

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