With China's growing economy and increasing personal income, we have seen a growth in the Individual Income Tax ("IIT") collection in the government revenue. In this seminar, we will discuss the latest developments of IIT regulations in 2011. We will also share our experience associated with common cross-border employment arrangements and potential IIT non-compliance issues.
The seminar intends to cover the following topics:
• IIT regulations update
- Amended IIT Law and its Implementation Rule
- Other new IIT notices
• Common pitfalls in structuring cross-border employment arrangements and relevant IIT implications
• China social security contribution requirement for foreigners working in China
• Common non-compliance issues
• Annual IIT self-reporting requirement