7 January 2019 PRC Individual Income Tax Update

Jan 7, 2019

PRC Individual Income Tax Update

The reform of the PRC Individual Income Tax Law has attracted significant attention in recent months.  The amended Individual Income Tax Law was passed on 31 August 2018, followed by the issuance of the "Regulations on the Implementation of the Individual Income Tax Law of the People's Republic of China (Revised Draft for Soliciting Opinions)" and the consultation draft of "Interim Measures for the Special Deduction of Individual Income Taxes" on 20 October 2018.  These will have significant implications on businesses with operations in the PRC, as well as individuals with frequent travels between Hong Kong and the Mainland.

KPMG tax specialists, Kate Lai and Watson Wat, have pleasure in sharing the latest PRC Individual Income Tax developments, including:

·      Changes in the definition of China tax resident

·      Changes in the source and scope of taxable income

·      Reporting requirements

 Event details:

Date :

7 January 2019 (Monday)

Time :

7:00 – 8:30 pm

Venue :

KPMG office

23/F, Hysan Place, 500 Hennessy Road, Causeway Bay, Hong Kong

Fee :

$100 for AWAHK members; $150 for non-AWAHK members

CPD :

1.5 hours

Language :

Cantonese

Kate Lai is a Director of KPMG’s People Services team.  Starting her career in corporate taxation and working closely with senior executives and business owners of clients across different industries, she now focuses on employment and individual tax advisory services, and advises clients on a full range of personal tax and visa issues.  Her clients include multi-national corporations with globally mobile employees, senior executives and high net worth individuals.  She is experienced in individual tax planning, tax efficient employment structures, equity compensation and cross-border tax issues.  She has successfully led projects in income tax planning and dispute resolution with tax authorities.

Watson is a Tax Manager of KPMG’s People Services team.  Watson specialises in cross border compliance and mobility compliance technology solution services.  He has extensive experience working with clients in various industries, including banking, legal, transportation, infrastructure, etc.  He involved in mobility compliance technology development and solution implementation for multi-national corporations. 

Please [e-register] immediately.  Enrollment is made on a first come first served basis with priority to AWAHK members.

For further information, please contact Sam Chak, Office Manager of AWAHK at 6229 9628.  You can also email to info@awahk.hk.