国内英语资讯:Chinas top legislature wraps up bimonthly session_时事

国内英语资讯:Chinas top legislature wraps up bimonthly session

Li called on the NPC Standing Committee to improve legislation efficiency and the Chinese socialist system of laws.

ADOPTED LAWS

The revised individual income tax law states that the minimum threshold for personal income tax exemption will be raised from 3,500 yuan (about 513 U.S. dollars) to 5,000 yuan per month or 60,000 yuan per year.

It adds special expense deductions for items like caring for the elderly, children's education, continuing education, treatment for serious diseases, as well as housing loan interest and rent.

The revised e-commerce law will protect legal rights and interests of all parties and maintain the market order, requiring all e-commerce operators to fulfill their obligations to protect consumers' rights and interests as well as personal information, intellectual property rights, cyberspace security and the environment.

According to the new law on soil pollution prevention, national standards for soil pollution risk control will be set by the environmental authority of the State Council based on soil's contamination status, public health risks and ecological risks, among others.

The law also states that a nationwide soil condition census should be conducted at least once every 10 years.

OTHER LAWS & REPORTS

The legislators reviewed bills on the draft farmland occupation taxes law and draft vehicle purchase taxes law, as well as State Council reports including the enforcement of the national economic and social development plan this year.