According to the Implementation Regulations for Individual Income Tax Law of the People’s Republic of China (Order No. 707 of the State Council of the People’s Republic of China), individuals who have earned income from business operation without comprehensive income shall be subject to a deduction of 60,000 yuan for expenses, special deductions, itemized deductions for specific expenditures, and other deductible items determined pursuant to law in calculating their taxable income for each tax year. Itemized deductions for specific expenditures shall be deducted when filing an annual tax reconciliation.