China has been undergoing the Individual Income Tax ("IIT") reform with the amended tax law taking into effect from January 1, 2019. The amended tax law and a serial of new tax regulations could bring about profound changes to the Chinese IIT landscape. In this connection, what impacts will be for foreign individuals working in China? European Chamber invited Deloitte tax experts who will share with you the key changes and impacts to foreign individuals working in China, the suggested actions for the company and foreign individuals to take, as well as answer your questions at our event on March 1, 2019.
Content:
Key Changes of PRC Individual Income Tax (“IIT”) Reform
- New Criteria for China Tax Resident
- New 6-year Rule
- Comprehensive Income Introduction
- Broaden the Lowest Three Tax Brackets
Tax Filing Requirements
- Different Tax Withholding Method for Tax Residents and Non-residents
- Annual Reconciliation Filing for Comprehensive Income
- Preferential Taxing Method For Annual Bonus during Transitional Period
Tax Exemption Benefits (“TEB”) vs. Additional Itemized Deductions (“AID”)
- Overview of Additional Itemized Deduction
- TEB vs. AID
- Impact on Foreign individual taxpayers
Suggested Actions for the Company to Take
- Internal Review of the Company Policy and Process
- Timely Update of the New Rules to foreign employees
- Ongoing Awareness of Tax Updates
Language 语言: English 英文
Agenda 时间安排:
13:40 - 14:00 Registration 登记注册
14:00 - 16:00 Topic Sharing 主题分享
16:00 - 16:30 Q&A 问答
Payment Method: Bank transfer in advance OR Cash on site are both acceptable
If you choose to settle the payment through bank transfer, please remark: "TJ20190301"
Bank information:
A/C Name: 中国欧盟商会
A/C No.: 7110210182500027543
China CITIC Bank 中信银行京城大厦支行
Capital Mansion Sub Branch, No. 6, Xinyuan Nan Road, Chaoyang District, 100004 Beijing
北京市朝阳区新源南路6号京城大厦
S.W.I.F.T. Code: CIBKCNBJ100
大额支付号CNAP CADE: 3021 000 11026
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