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China: Individual Income Tax

The last substantial overhaul of the PRC Individual Income Tax Law ("IIT Law") and related implementing regulations and other related measures became effective as of 1 January 2019. Some changes were provided to only be gradually phased in during a transitional period lasting until 31 December 2021, then later extended until 31 December 2023 ("Transitional Period"). With the expiration of the Transitional Period, employers and employees need to review their labour and payroll processes to ensure compliance with IIT legislation also after the Transitional Period ended. Likewise, they shall monitor new IIT-related measures which are expected to be published in the near future to deal with certain changes occurring after the Transitional Period ended.

Please find the flyer in the download area below.


China Individual Income Tax_ADVANT Beiten.pdf