PwC’s seminar series (III): China Individual Income Tax ("IIT") reform - All you need to know

 

16 January 2019, Hong Kong

By invitation only

 

Following Premier Li Keqiang’s signing of the State Council Decree of the People’s Republic of China No. 707 “Detailed Implementation Rules of the PRC Individual Income Tax (IIT) Law (DIR)”, the State Council promulgated the No. 41 notice “Provisional Implementation Measures of Additional Itemized Deductible Items (Provisional Measures)”, the IIT reform with the greatest magnitude in 38 years has officially begun.

Immediately thereafter, the PRC Ministry of Finance and State Administration of Taxation released a series of announcements and notices on various issues which include the transitional arrangements from the existing to the new IIT laws, the use of taxpayer identification number, detailed guidelines on additional itemised deductions, management of tax withholding and annual reconciliation filing,  preferential treatments for tax residents such as annual bonus, equity income and non-taxable benefits (for foreigners) etc. The series of policies provide not only a clarification of responsibilities and obligations of employers as withholding agents, but also a further guidance for taxpayers' attention under the new IIT law.

In this seminar, our professionals will share with you our in-depth analysis and interpretations of the IIT reform, the new regulations and its impacts on both employers and taxpayers, so as to help you get ready for the implementation of the IIT reform.


Event details

Date:                16 January 2019 (Wednesday) 

Time:                9.30am - 12pm (Registration starts at 9am)

Venue:             PwC Executive Conference Centre, 21/F Edinburgh Tower, 

                        15 Queen's Road, Central, Hong Kong

Language:        Cantonese

Fee:                 HKD 400

Enquiries

For more information, please contact:

Shirley Poon

Tel: +[852] 2289 6532

Email