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 and share preferential tax policies in special zones.
 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:
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