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AmCham China's Young Professionals Committee and Tax Forum are pleased to host this seminar on navigating the Chinese Individual Income Tax (IIT) system as a foreign national working in China, and the changes in the US system that affect US citizens and permanent residents abroad.
According to tax compliance laws, employers in China are required to act as withholding agents and report any IIT withheld to the tax authorities, by whom compliance is strictly enforced. For many professionals working abroad, however, understanding this complex individual income tax system with its annual changes and compliance is a daunting task. To address this topic, AmCham China will host a discussion with Rebecca Wang, director, Global Employment Services, Deloitte, to further understand the latest regulations and local practices for foreigners abroad.
Issues to be covered include:
• What are the annual filing requirements for US citizens working in China?
• What are the basics of filing Chinese IIT? What does the process look like?
• What are some of the changes in the IIT system in 2014?
• How do the recent changes in the US system affect US citizens working abroad and permanent residents of China?
• What are some of the cross-border IIT issues which frequently arise?
According to tax compliance laws, employers in China are required to act as withholding agents and report any IIT withheld to the tax authorities, by whom compliance is strictly enforced. For many professionals working abroad, however, understanding this complex individual income tax system with its annual changes and compliance is a daunting task. To address this topic, AmCham China will host a discussion with Rebecca Wang, director, Global Employment Services, Deloitte, to further understand the latest regulations and local practices for foreigners abroad.
Issues to be covered include:
• What are the annual filing requirements for US citizens working in China?
• What are the basics of filing Chinese IIT? What does the process look like?
• What are some of the changes in the IIT system in 2014?
• How do the recent changes in the US system affect US citizens working abroad and permanent residents of China?
• What are some of the cross-border IIT issues which frequently arise?
Rebecca Wang has over 10 years of experience in the tax profession specialized in providing China and US individual income tax services to multinational companies, state owned enterprises, private owned companies, law firms and individuals. Rebecca has extensive experience in inbound and outbound international assignment structuring, global compensation and benefits structuring, equity incentives consulting, individual income tax compliance and consulting and social security consulting. Rebecca is a US Enrolled Agent with international experience working in Belgium, the US and China since 2000.
The Young Professionals Committee is a working group within AmCham China where young professionals can build their personal and professional networks, develop career skills, access cultural events and work with other young leaders to achieve success both personal and professional. The goal of the YPC is to help young professionals in their career development in Greater China through inspiring speaking events, horizon-expanding cultural events, networking events and opportunities for learning and collaboration in diversified business areas.
The Young Professionals Committee is a working group within AmCham China where young professionals can build their personal and professional networks, develop career skills, access cultural events and work with other young leaders to achieve success both personal and professional. The goal of the YPC is to help young professionals in their career development in Greater China through inspiring speaking events, horizon-expanding cultural events, networking events and opportunities for learning and collaboration in diversified business areas.
