() The fiscal revenues and expenditures of a country primarily come from taxation. In accordance with the provisions of the Constitution, the Central Government abolished all land taxes, poll taxes, exorbitant levies, miscellaneous taxes, and commercial duties imposed by the Kuomintang warlords, and implemented a unified progressive tax system.

(ii) Under the unified progressive tax system, only one type of tax is levied across the board. The principle guiding taxation is to place the burden on the exploiting classes while resolving issues based on class distinctions. Those belonging to the exploited classes and the most impoverished strata are exempt from tax obligations.

(iii) At present, due to the revolutionary war, the Soviet areas nationwide remain fragmented, and given various special circumstances, agricultural tax can only be assessed based on primary crops; no taxes will be levied on secondary products for the time being. Tax rates for agriculture should be set at a level sufficient to cover basic living expenses before taxation begins, with rates progressively increasing as income rises. Individuals whose income falls below this threshold shall be entirely exempt, whereas wealthy farmers will be subject to higher tax rates. The threshold for taxation should be set at half that of poor and middle peasants. Each provincial government is authorized to determine specific agricultural tax rates according to local conditions.

(iv) To promote economic development in the Soviet regions, trade export taxes and industrial production taxes will be temporarily exempted.

(v) These tax regulations shall take effect as of November 1, 1931. Chairman of the Central Executive Committee: Mao Zedong; Vice Chairmen: Xiang Ying and Zhang Guochun.