An increase in regional minimum wages, adjustments to personal income tax, preferential policies for teachers, and additional land recovery regulations are among the new policies set to take effect from 1/1.
Effective today, many new regulations concerning taxes and legal responsibilities for business households come into force, attracting public attention.
From 2026, business households will switch to paying personal income tax on profit instead of lump-sum tax, while value-added tax calculation methods will remain unchanged.
