CW CPA gave a workshop on the amended Individual Income Tax (IIT) Law at the Guangzhou Office of German Chamber of Commerce on the 15 January 2019. The workshop covered the topic of how the amended IIT law will affect foreign executives in China:
- How can tax break help avoiding China worldwide tax?
- Why salaries paid by overseas company can be taxable in China?
- What are the penalties if a tax resident does not report the foreign income?
The speaker Bolivia Cheung, CW CPA’s consultant and member of Board of Advisors, elicited good response from the participants and their awareness of the amended IIT tax law has been raised.