UPDATE (June 19, 2018): On Tuesday (June 19), it was revealed that the State Council had submitted a draft amendment to the Individual Income Tax Law (个人所得税法) to the ongoing NPCSC session. This amendment came as a surprise because it was only a preparatory project in the NPCSC’s 2018 legislative plan. State media on Tuesday also released the Ministry of Finance’s explanation of the draft amendment. We expect to publish a summary of the draft after it is released for public comments.
In addition, the NPCSC will not vote on the E-Commerce Law at the end of the current session. We thus expect it to return for a fourth and final round of deliberation by the end of 2018, likely in August or October.
The Council of Chairmen decided on Monday (June 11) that the next NPC Standing Committee (NPCSC) session will take place from June 19 to 22. The session will consider three draft laws and two potentially significant draft decisions. A rundown of the agenda follows.