In order to meet all requirements of global integration, State-owned administrative organs need further reform to catch up with all the requirements of the new era. 2007 was a fruitful year for the sector, witnessing strong mechanism reforms including tax policy, to fulfil WTO commitments. The Law on Tax Management came into effect on July, 2007. Tax agencies at all levels instructed taxpayers to obey regulations of the Tax Management Law, as well as tightened control over tax management activities in line with the law. The Tax Management Law defines rights and obligations of taxpayers, tax agencies and staff as well as all relevant organisations and individuals. Tax procedures have been further improved to facilitate taxpayers. The Individual Income Tax Law was approved in the second Session of the 12th National Assembly, laying a legal framework to regulate local incomes.
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