Seminar: Updates on PRC Individual Income Tax Reform IIT - Guangzhou - November 28th

 

 

 

Last August the PRC Government issued new reforms for China individual income tax (IIT), which will affect both Chinese and foreign employees working in China.

 
New IIT Law: What’s in the Draft? How to prepare for transition?
 
The second draft of the Individual Income Tax Law was approved on August 31st, 2018. The new law amends several elements of the calculation and the enforcement of individual income tax (IIT) in China — focusing on expanding deductibles, adjusting tax brackets and changing residency rules.
The Draft Amendments introduce new changes that affect each level of the IIT system at its calculation, application, and enforcement stages.
 
Dezan Shira & Associates’ experts will discuss about:

• Introduction to key changes and policy rationale;
• Consolidation of income categories;
• Deductions;
• New income tax brackets;
• Non-residents taxation;
• Compliance, Administration and General Anti-Avoidance Rules (GAAR).

Valeria currently works as Assistant Manager at Dezan Shira & Associates, leading the team of South China International Business Advisory providing support to foreign investors aiming at Asia and assistance about legal and management issues affecting foreign Invested Enterprises in China.
Valeria is an Italian lawyer, having obtained a master degree cum laude in Law at the University of Milan in 2011 and was admitted to the Milan Bar in October 2014.
Valeria also performs the role of Chair for the Small and Medium-sized Enterprise South of China Working Group of the European Chamber of Commerce in China and Vice Coordinator of the Intellectual Property Working Group of the China-Italy Chamber of Commerce.

Daisy Huang is the Head of Audit and Compliance in the Corporate Accounting Services team in South China, located in Dezan Shira & Associates' Guangzhou office. Daisy is involved in the audit of companies in different business sectors including: manufacturing, retail, financial services, real estate and information technology. 
She graduated from Zhongshan University and she is a Chinese Certified Public Accountant (CPA).
Prior to joining Dezan Shira & Associates, she worked for several years for one of the Big Four, where she worked as part of the audit department.
Daisy is specialized in corporate structuring, tax planning, internal control improvement and accounting and financing issues relating to foreign invested enterprises.