Among the rush of laws drafted to support GIFT City are ones allowing investment funds to move from Mauritius without triggering the kind of liquidation and taxable event that such a move would normally entail.
在匆忙起草以支持 GIFT 市众多法律中,有些法律允许投资基金从毛里求斯转移,而且发此类转移通常需要进行清算和应税事件。
On the basis of preferential policies already in force, we will halve the income tax of micro and small enterprises and self-employed individuals on annual taxable income below one million yuan.
But others have found that this adjustment in taxable income is driven largely by people altering when and how they take their income in order to minimise their tax burden.
Actually, if you check under charitable donations, you'll notice that the money we made at the garage sale did not count as taxable income because we donated it to the church.
And remember you have to pay tax on your income. By contributing part of your income to a retirement account, there's less income that's taxable with each paycheck.
Starting January 1, the individual taxable income of such parents can be reduced by a total of 1,000 yuan ($157) per month for each baby, said the circular.
For instance, there was a big fall in taxable income after tax rates rose in 1993; but most of this seems to have come from a few rich people hurrying to cash in their stock options before taxes rose.
For those who have the elderly to take care of, a sum of 3,000 yuan per month will now be deducted from their taxable income if he or she is an only-child.
That part of his compensation package was not considered taxable, just like a delivery driver wouldn't be expected to pay tax on the money they are given a fuel up the truck.
Furthermore, people who have assets like stocks or funds in taxable accounts can sell low and deduct any capital loss, a practice known as tax-loss selling.