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A Chinese mobile phone user tries to snatch Hongbao (red envelope) via a mobile app in Chongqing municipality on Feb 24. [Photo / IC] |
No tax for digital hongbao for friends and family
Companies that send money to individuals as bonuses or gifts through smart phone applications should pay taxes, said Wang Jun, minister of State Administration of Taxation.
Individual users sending gift money, or hongbao, to relatives and friends on applications need not pay tax, he said.
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