China has recently implemented changes and reforms to the Individual Income Tax (IIT), the Value Added Tax (VAT) and Corporate Income Tax (CIT) in China.
This webinar, addresses the main changes of these reforms and will elaborate on their impact for EU businesses oper...
Recent updates to China's Individual Income Tax provide further clarification regarding IIT exemptions on foreign-sourced income and the Tax Residence rule. These updates also provide further guidance for calculating IIT for individuals not domiciled in China.
China released another update to the country's IIT Law. The new Individual Income Tax (IIT) Law outlines procedures to claim itemized deductions, introduces a new IIT withholding method and finalizes its reform to expatriate allowances.
After China released the Draft Amendments to the Individual Income Tax Law, several questions remained. This article answers these by explaining all aspects of the recently released Implementation Regulations for China's IIT Law.