January 2019 - PRC Individual Income Tax Implementation Rules and related Circulars finalized
In the past month, the Chinese authority has issued various circulars detailing the new rules and regulations on the individual income tax (“IIT”). The final Implementation Rules (the “Implementation Rules”) and the circulars are to implement the new IIT law passed by the Peoples’ Congress in August, 2018.
We summarize below the main changes and implications for individuals.
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