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On October 22, 2018, two important circulars, "Draft Implementation Rules of the Individual Income Tax (IIT) Law" and "Draft Rules of Specific Additional Tax Deductions", are released and have brought up heated discussions among companies and individuals about the PRC Individual Income Tax (IIT) reform. While the companies and individuals have received more information about the IIT reform, they all have some questions regarding the implementation of specific regulations. On December 22, 2018, these two circulars aref inalized. And after that, the StateAdministration of Taxation (SAT) releases another five circulars listed as below which specifically explains the PRC IIT calculation and filing policies under the new PRC IIT Law.


►Public notice (PN) regarding clarifications on transitional matters concerning tax collection and administration for fully implementing the new IIT Law (SAT PN [2018] No. 56)

►PN regarding the "Operational Measures on the Specific Additional Deductions for Individual Income Tax (IIT) (Trial)" (SAT PN [2018]No. 60)

► PN regarding the"Administrative Measures on the With holding and Declaration of IIT (Trial)"(SAT PN [2018] No. 61)

►PN regarding issues related to taxpayers' self-declaration of IIT (SAT PN [2018] No. 62)

►Notice regarding transitional matters related to preferential IIT policies after the revision of the IIT Law (Caishui [2018] No.164)


To assist the companies and individuals to understand the new circulars, we have invited the tax experts from EY China PAS team to provide detailed interpretations on the new circulars and the impacts on companies and individuals.


Please RSVP before 5pm, January 18th at:

Maddalena Di Tommaso at m.ditommaso@amchamchina.org or wechat 18840955491

Melody Song at msong@amchamchina.org or mobile 15242622051

Agenda

1:45 PM - 2:00 PM
Registration
2:00 PM - 2:05 PM
Opening speech
2:05 PM - 2:55 PM
Key changes of “Implementation Regulations of New PRC IIT Law” and related regulations and circulars
2:55 PM - 3:15 PM
Tea Break
3:15 PM - 3:50 PM
Impacts of the new IIT law and the newly released Implementation Regulation and related circulars
3:50 PM - 4:20 PM
Q&A

Speakers

  • Caroline Lu (Partner at EY China PAS)

    Caroline Lu

    Partner at EY China PAS

    Caroline has nearly 20 years of experience serving international clients in different industries such as automobile, pharmaceutical, energy, technology and financial industries.
    Caroline has extensive experience in global mobility which includes expatriate tax compliance and advisory, pre and post international assignment planning, compensation package re-structuring, tax handling on PE, and equity related compensation advice and payroll compliance services. Caroline is also handling payroll related services including payroll, social security and foreign remittance compliance service, advice on payroll set up and payroll procedure health check, etc.

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  • Jo Dong (Senior Manager at EY China PAS)

    Jo Dong

    Senior Manager at EY China PAS

    Jo has been working on People Advisory Services for 10 years, and familiar with the PRC Individual Income Tax (“IIT”) laws and regulations.
    Jo has assisted in the PRC IIT monthly filing and annual filing for foreigners who are from many different international companies. And Jo has also assist in the PRC IIT related advisories for these companies which covers IIT implication on compensation items, IIT implications and risk analysis based on different assignment types, and how to minimize tax risks during daily process, etc.
    Jo is very experienced with handling the IIT filing matters for different compensation items, especially for the company share based incentive plans. Meanwhile, as more and more Chinese individuals being employed or expatriated to overseas countries, Jo has handled many cases for the IIT filing and IIT advisories for these Chinese outbound individuals.

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Tickets

AmCham Members
Member Price Complimentary
Non-Members
Standard Price RMB 50

Venue

Fraser Hospitality Dalian

30, Ganglong Road, Zhongshan District
Dalian, Liaoning, China

If you have any questions please contact Maddalena Di Tommaso

Contact Organizer

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