-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
FOCUS
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food Drink
-
Restaurants
-
Yearend Review
-
CHTF Special
-
QINGDAO TODAY
在线翻译:
szdaily -> Shenzhen -> 
Income tax seminar for expatriates
    2018-10-29  08:53    Shenzhen Daily

Zhang Qian, Xiao Peishan

zhqcindy@163.com

A SEMINAR regarding policies on individual income tax (IIT) was organized Saturday morning by Shekou Management and Service Center for Expats (MSCE) with dozens of expatriate residents in attendance.

The seminar was held to enrich expats’ knowledge of the latest IIT law and how it will influence their work and life in China.

The IIT law will come into effect Jan. 1 next year and it has been drawing great attention since a draft amendment was enacted. At the same time, the new IIT law brings about questions from concerned expats on how to declare and calculate the tax under the new law and what changes it will mean for them.

In order to better meet expats’ needs, registered tax lawyer Xiong Daikun, head of the International Business Committee of Guanghe Law Firm, was invited to give a lecture about the new IIT law and answer questions from the expatriate participants.

Xiong introduced the new IIT law to the expatriate residents. The new law has been under trial implementation since Oct. 1 this year. The lawyer said that according to the draft amendment, a foreign individual who resides in China for an accumulated 183 days or more in a tax year is identified as a “resident” and is subject to Chinese tax on their worldwide income.

Besides, many changes also occurred on personal deduction on comprehensive income. For example, resident taxpayers are allowed to deduct certain additional items from the comprehensive income.

The lawyer also urged expatriate participants to pay attention to Chinese tax law reform and declare and pay tax in accordance with the Chinese law to ensure their self-interests in China are not impaired by not knowing the law.

The expatriate residents present Saturday said they learned a lot about the Chinese tax law through the seminar and that their confusion was alleviated to some degree. They actively interacted with the lawyer and raised questions in regards to the law.

The seminar is part of a series of activities organized by the MSCE to help expatriate residents better integrate into the community life. The seminar had a positive effect on enriching expats’ knowledge of new IIT law, and reminding them to pay attention to the law and maintaining their legal interests, according to the organizer.

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn