2019 China Tax Review

January 22, 2020 | BY

Susan Mok

Daisy Duan and Linlin Cao of King & Wood Mallesons review and highlight the new individual income tax rules and major tax rules issued in 2019, which may impact on foreign companies doing business in China

 

At the start of 2019, the long-awaited guidance was issued, which further clarifies the IIT treatment of foreign individuals with no domicile in China

 

The PRC Individual Income Tax Law (IIT Law) (中华人民共和国个人所得税法) and its Implementing Regulations (中华人民共和国个人所得税法实施条例) were revised in the second half of 2018 and became effective on Jan. 1, 2019. They have profoundly influenced all individual taxpayers and reshaped China's individual income tax (IIT) regime. At the start of 2019, the long-awaited guidance was issued, which further clarifies the IIT treatment of foreign individuals with no domicile in China.

 

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