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Seminar on China Individual Income Tax Reform in Guangzhou

On behalf of CW Latin Department, our colleagues from China Consultancy team, Hailey Guo, Louis Tan and Coco Jia imparted a seminar on Individual Income Tax, organized together with the Spanish Chamber of Commerce South China Division on 16 November. In the seminar, they presented and explained the implications the new Individual Income Tax law could entail for expatriates residing in China. The highlights of the discussion were: the new definition of fiscal residence, taxes added to the category of income, new tax rates, the increment of the standard basic deduction, specific additional deductions, double taxation agreement and among others.

For more information on the new regulation, please don’t hesitate to reach us at las@cwhkcpa.com.