The Information Office of the State Council held a press conference. At the press conference, the relevant person in charge of the State Administration of Taxation explained that in the 2025 personal tax accounts, which ended on June 30, more than 100 million taxpayers enjoyed more than 150 billion yuan in tax refunds, and the benefits for low- and middle-income earners increased. Wang Shiyu, chief auditor of the State Administration of Taxation, explained that in the recently completed personal tax accounts, more than 200 million taxpayers across the country have processed accounting returns, an increase of 4.38% over the previous year. More than 100 million taxpayers have filed tax refunds, and the tax refund amount has exceeded 150 billion yuan. Groups with an annual income of 120,000 yuan or less after enjoying dividends such as the basic deduction fee of 60,000 yuan, the “three insurances and one fund” special deduction, and special additional deductions, etc., basically do not need to pay tax or pay only a small amount of tax; more than seven people do not need to pay tax after accounting; among taxable people, more than 60% apply a 3% tax rate, reflecting the further negative effects of higher personal taxes.

The Information Office of the State Council held a press conference. At the press conference, the relevant person in charge of the State Administration of Taxation explained that in the 2025 personal tax accounts, which ended on June 30, more than 100 million taxpayers enjoyed more than 150 billion yuan in tax refunds, and the benefits for low- and middle-income earners increased. Wang Shiyu, chief auditor of the State Administration of Taxation, explained that in the recently completed personal tax accounts, more than 200 million taxpayers across the country have processed accounting returns, an increase of 4.38% over the previous year. More than 100 million taxpayers have filed tax refunds, and the tax refund amount has exceeded 150 billion yuan. Groups with an annual income of 120,000 yuan or less after enjoying dividends such as the basic deduction fee of 60,000 yuan, the “three insurances and one fund” special deduction, and special additional deductions, etc., basically do not need to pay tax or pay only a small amount of tax; more than seven people do not need to pay tax after accounting; among taxable people, more than 60% apply a 3% tax rate, reflecting the further negative effects of higher personal taxes.