A Draft Amendment to the Individual Income Tax Law (IIT Law) had a first review during the Third Session of the Standing Committee of the 13th National People’s Congress (NPC). On 29 June 2018, the Draft Amendment was posted on the NPC’s website to solicit public opinion until 28 July 2018.
The key changes that may affect individuals and/or companies in the global mobility arena include:
The proposed changes, if passed, will signify an overhaul of the current IIT system.
Tel: + (21) 2323 5509
Tel: + (10) 6533 2812
Partner, Global Mobility Services
Tel: + 2289 5528