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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
DOWNLOADS
China Individual Income Tax 2023_ADVANT BEITEN_EN.pdf |
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Experts
Susanne Rademacher Rechtsanwältin Partner |
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Dr Jenna Wang-Metzner Juristin Partner |
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