摘要
In the early spring of 2007,two important matters of great public concern finally bore fruition.Firstly,the National People’s Congress eventually passed the Law of Property following 13 years of&bate,revision and deliberation.Secondly,China initiated the individual tax return filing system in which an individual earning RMB 120,000 or above per year is required to file his/her annual tax returns separately with China’s tax authorities.To date,there have been about 1.6 million Chinese nationals filing tax returns under the new system.
