Tricor Seminar for new IIT Annual Settlement System in China
It is the first time of the implementation of the annual individual income tax (“IIT”) settlement system for comprehensive income in China during 1 Mar to 30 Jun 2020. “Announcement of the Ministry of Finance and the State Taxation Administration on Relevant Policy Issues concerning the Final Settlement of Consolidated Income for Individual Income Tax”(Announcement [2019] No.94 of the Ministry of Finance and the State Taxation Administration), "Announcement on Matters Relating to Handling of Year 2019 Final Settlement of Individual Income Tax on Consolidated Income" (State Taxation Administration Announcement [2019] No. 44) and “Announcement on the Revision of Partial of Individual Income Tax Returns” (State Administration of Taxation Announcement [2019] No. 46) were released in Dec 2019. The relevant policies of annual income tax filing are clarified, and the contents of IIT declarations have been adjusted accordingly.
In February, Susan Peng, Associate Director of HR and Payroll at Tricor China, will give an interpretation on the policies, responsibilities of the related parties and the risks that may arise from the new IIT annual settlement for local and expatriate individuals in both Shanghai and Beijing stations.
# IMPORTANT: THIS SEMINAR SERIES WILL BE CONDUCTED IN CHINESE #
Join Us for This Seminar to Learn:
- Taxpayers that who are required to carry out the IIT annual settlement
- Circumstances for taxpayers that not required carrying out IIT annual settlement,
- Reporting method and channels for IIT annual settlement of comprehensive income
- 10 changes of IIT annual settlement return
- Obligations of the withholding agent
- Tax refund and reimbursement for IIT annual settlement
- Responsibilities and risks of IIT annual settlement
- Identity change between non-residents and residents
- Credit for individual income tax paid overseas
- Deduction of donation to charities
Agenda
21 Feb 2020, Shanghai
Add IIT - SH Station to Your Calendar
27 Feb 2020, Beijing
Add IIT - BJ Station to Your Calendar
13:30 - 14:00 Registration
14:00 - 14:05 Opening Remarks
14:05 - 15:30 Guidance on Individual Income Tax Annual Settlement
-- by Susan Pen
15:30 - 15:50 Q&A
15:50 - 16:00 Closing & Social Networking
*We will inform you the venue address via the confirmation email before the events.
Speaker
Susan Peng has over 15 years of experience in the related fields of payroll outsourcing, individual income tax consulting, etc. She has been providing services including payroll calculation and payment, compensation arrangements, HR and social security consulting, IIT planning and compliance, compliance consulting on equity incentive plan and its IIT, as well as consultation on tax and related compliance policies for foreigners' employment and employment permit applications in China.
The industries that Susan served involve legal, fund investment, IT, television media, telecommunications, medical equipment, real estate, manufacturing and luxury retail, etc.
Registration
This is a Tricor owned complimentary seminar; we will send attendee the confirmation letter before the event.
Please click the "Register Now" button above or scan the QR code to fill in the form and reserve a seat.
Should you have any registration queries, please contact: Phoebe Chen
