According to CCTV news network, on December 29, Li Keqiang chaired an executive meeting of the State Council and decided to continue the implementation of some preferential policies on individual income tax.

In order to reduce the burden of personal income tax and relieve the pressure on low - and middle-income groups, the meeting decided that first, the annual one-time bonus will not be incorporated into the salary income of the current month, and the policy of separate monthly tax will be extended to the end of 2023. Second, the tax exemption policy of annual income not exceeding 120000 yuan and requiring tax supplement or annual final tax supplement not exceeding 400 yuan shall be extended to the end of 2023. Third, the separate tax policy for equity incentive of listed companies will be extended to the end of 2022. The above policies can reduce taxes by 110 billion yuan a year.