YOUR
Search

    28.08.2023

    China: Individual Income Tax (“IIT”)


    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 out during a transitional period now extended until 31 December 2027 (“Transitional Period”) as per several announcements by the PRC Ministry of Finance on 28 August 2023.

    Contens:
     

    • Income categories and tax filing
    • IIT rates & brackets for different income categories
    • Deductions applicable to calculation of taxable income for IIT purposes
    • Tax residency
    • Withholding agent, taxpayer and tax ID
    • Preferential tax treatments under the IIT Law
    • Anti-avoidance rules

    China: Overview of Regulatory Framework for Artificial Intelligence
    Welcome to our newest China Q&A edition on the local regulatory framework govern…
    Read more
    China: Product Liability Q&A
    Welcome to our ADVANT Beiten edition on certain questions and answers regarding …
    Read more
    Special Newsletter China January 2025
    昂帆百达律师事务所新的一期中文新闻简报现在和您见面了。值此新春佳节来临之际,昂帆百达律师事务所中国业务部的全体同仁感谢您一直以来的信任和支持,并祝您和您的家人在…
    Read more
    China: New Filing Requirements for ultimate Beneficiaries/Controllers
    Welcome to our newest China Q&A edition on the latest requirements on filing Ult…
    Read more
    International Briefing October 2024
    Dear Friends and Colleagues, welcome to the October issue of ADVANT Beiten's In…
    Read more
    Investing in Germany
    © BEITEN BURKHARDT Rechtsanwaltsgesellschaft mbH, 2021 To order a PRINTED COPY,…
    Read more
    EU Foreign Subsidies Regulation
    The Foreign Subsidies Regulation (EU) 2022/2560 (“FSR”) is an important additional instrument in the European Union's toolbox to address distortions caused by foreign subsidies in the European Union. Adopt…
    Read more
    International Briefing July 2024
    Dear friends and colleagues, welcome to the July issue of ADVANT Beiten's International Briefing. We are pleased to share that the ADVANT alliance has once again been recognised by the prestigious Chambe…
    Read more
    China: Revised Company Law
    China: What changed under the revised PRC Company Law? Welcome to our latest AD…
    Read more