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Income Tax (IIT) Settlement in 2020, which kicked off the prelude to the second wave of IIT annual filling.
BritCham Shanghai and BritCham Guangdong co-host this webinar and invite HR & Payroll expert Susan Peng from Tricor China to interpret the most up-to-date IIT related policies and how to leverage the preferential tax policies. Susan will also shed lights on the possible increase of tax for expats after 2021[1] and share preferential tax policies in special zones.
Key takeaways:
- The main changes for IIT annual filing in 2020 to that in 2019, particularly the changes of liability to employer and employee.
- Introduction of the preferential individual income tax policies of Greater Bay Area and Hainan Free Trade Port and how to apply.
[1] In December 2018, the Ministry of Finance and State Tax Bureau released a policy of a three-year transitional treatment for some special individual income items (e.g. one-time annual bonus, eight items of non-taxable allowances for expatriate employees, etc). These preferential tax policies will be ended o 31 December 2021.
Following Susan's session, Partner at Dentons Beijing Office Calvin Chiu will advise on how HR manages and administers employees' data. Calvin's sharing covers:
- Risks associated with collection, processing and disclosure of employees' personal information
- Cross-border transfer
- Data subject rights
- Compliance actions to be taken
Who shall attendee:
- HR & Finance Managers
- Medium and small business owners
Notes:
- This webinar will be conducted via ZOOM. You will receive an email with a ZOOM meeting ID and password around 11am, 12 April. Please ensure your email address is valid, and please make sure to check your junk box as well.
- This webinar will be conducted in Chinese and edited PPT (in English) will be sent after the webinar.
- The webinar will NOT be recorded.
Speakers
Susan Peng
Associate Director of Tricor China
Susan Peng has over 15 years of experience in the related fields of payroll outsourcing, individual income tax consulting, etc. She has been focusing on providing payroll and individual income tax services for multinational companies. Services including payroll calculation and payment, compensation arrangements, human resources and social security consulting, individual income tax planning and compliance, compliance consulting on equity incentive plan and its individual income tax，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, financial, telecommunications, medical equipment, real estate, manufacturing and luxury retail, etc.
Calvin Chiu
Partner at Dentons Beijing
Calvin is a partner in the firm in Beijing, focusing on cybersecurity, data compliance and foreign investment. Calvin counsels clients in various industry sectors on cybersecurity and data protection, ranging from privacy protection, data compliance program, gap assessment, cross-border transfer of data, profiling, CRM, and commercial cipher products. He has advised and counselled leading global e-commerce companies, multinational pharmaceutical companies, energy consulting companies, data analytics companies, online marketing companies, internet and mobile security product companies, internet finance companies, blockchain and other business models on many cutting-edge legal and regulatory issues related to cybersecurity and data protection.
Calvin is one of the contributors of practice notes published by Thomson Reuters Practical Law. He writes regularly on topics of cybersecurity and data governance, foreign direct investment, outbound investment and internet industry regulation.
Calvin is recognised as a leading practitioner by Legal Band in 2020, Top 15 Versatile Compliance Lawyer and Top 15 Cybersecurity and Data Protection Lawyer.
Calvin obtained his B.A. (Hons), M.A. and LL.B. (Hons) from City University of Hong Kong, the Chinese University of Hong Kong and University of London, respectively.
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British Chamber of Commerce Guangdong
The British Chamber of Commerce Guangdong (BritChamGD) is an independent international organisation in China, helping members with business development, in response to the rapidly growing business links between the UK and Guangdong province. Established in 1996, BritChamGD is one of the most active and influential chambers in the GBA. The Chamber helps over 200 member companies in the South China market connect and grow their businesses. Our membership network is comprised of companies operating in a wide range of sectors and industries, including education and training, hospitality, real estate, manufacturing, business consultancy and many more. Our membership programme helps companies to network with purpose connecting them with relevant business corridors to assist expansion strategies and gain greater market access in the region.
http://www.britchamgd.com/