Current Problems and Suggestions for Improvement of Personal Income Tax Law of China

Personal income tax is a tax levy of individuals' taxable income. China's current personal income tax law, either from the perspective of tax fairness or efficiency, is contrary to these two principles. Therefore, the improvement of China's personal income tax law should concern various factors, obey the principles of equity and efficiency, take the practical problems into consideration, and adjust the system which the problems are relying on, to ensure the individual income tax to promote China's economic development better.