Letter to the State Administration of Taxation (SAT) on the Amendment to the Individual Income Tax (IIT) Law

2018-09-28 | All chapters

The European Chamber has submitted a letter to the State Administration of Taxation (SAT) with regards to the recently approved amendment of the Individual Income Tax (IIT) law. Prior to the issuance of implementation rules by the SAT, which will clarify numerous aspects of importance, the European Chamber has highlighted the concerns of its members for the consideration of SAT on: a) rules of tax residency for foreign nationals; b) itemized deductions; c) potential administrative burden for businesses; d) space for local interpretation; and e) application of existing tax treaties.