The new China Individual Income Tax (IIT) law took effect from 1 January 2019 and the annual filing was completed by 30 June 2020. This topical webinar will uncover the IIT issues identified thus far post filing. What was the new law’s impact on foreigners working in China? Are there any differences between the law and the practical enforcement? Are there any special treatments because of COVID-19? How can we overcome China IIT issues for 2021 filing? These burning questions will be answered in this webinar.
A Highlight of Key Areas:
- Addressing the salient points on IIT affecting foreigners working in China
- Common traps and IIT planning ideas
- Tax responsibilities of employers and employees
- COVID-19 and impact on IIT
- Tax status of Chinese identity card holders with Singapore permanent resident status
- Secondment and recharge of salaries to Chinese affiliates
- Case studies
- A general manager getting salary from both inside and outside China receiving IIT refund via treaty relief
- Foreigners working in Guangdong getting Greater Bay Area financial subsidy on IIT
- A Singaporean manager getting a small amount of salary from China for work permit purposes and stuck in China in 2020 due to COVID-19