e tax paid by the self-reporting individual, shall  be  paid  to  the  state treasury within the first seven days of the following month together  with the tax returns filed with the tax authorities.
     For income from wages and salaries, the tax shall be levied on  monthly basis. The tax shall be withheld by the withholding agent or paid by the self-reporting taxpayers to the state  treasury  within  the  first seven days of the following month together with the tax returns filed with the tax authorities. For income from wages and salaries in specified industries, the tax may be computed on annual basis and paid in advance in monthly installments. Specific rules shall be regulated by the State Council.
      For income from production or business operation derived   by individual industrial and commercial households, the tax payable shall  be computed on annual basis and paid in advance in monthly installments. Such payments shall be made within the first seven days after the end  of  each month and the final settlement shall be made within three months after the end of each tax year. Any excess payment shall be refunded and any deficiency repaid.
     For income from contracted or leased  operation  of  enterprises  and
institutions, the tax payable shall be computed on annual basis  and  paid to the state treasury within thirty days after the end of each  tax  year, together with the tax returns filed with  the  tax  authorities. For the taxpayers  receiving  income  from  contracted  or  leased  operation in installment during the year, the tax payable on shall be paid  in  advance installments within the first seven days after each time when a payment is made, and the final settlement shall be made within three months after the end of each tax year;  and  excess  payment  shall  be  refunded  and  any deficiency repaid.
     For taxpayers who derive income outside China, the tax payable  shall be paid to the state treasury within thirty days after the end of each tax year, together with the  tax  returns  filed  with  the  tax  authorities.

 

Article 10
     All categories of income shall be computed in Renminbi (RMB).  Income in foreign currency shall be converted  into  Renminbi  for  tax  purposes according to the exchange  rate  quoted  by  the  state  exchange  control authorities.

Article 11
     A handling fee of 2% of the amount of tax withheld shall be  paid  to the withholding agent.

Article 12
     The  tax  administration  of  the  individual  income  tax  shall  be proceeded in accordance with the LAW OF THE  PEOPLE´S  REPUBLIC  OF  CHINA  CONCERNING THE ADMINISTRATION OF TAX COLLECTION.

Article 13
     The detailed rules and regulations for the implementation shall be formulated by the State Council in accordance with this Law.

Article 14
     This Law shall enter into force on the day of its promulgation.