China's Preferential Individual Income Tax Policies: Preparing for Change
Cross-border income tax issues have become more complex in recent years due to changes in Individual Income Tax laws in both Hong Kong and Mainland China. These undeniably affect expats working in the Mainland.
At a Chamber seminar on 3 August, experts from KPMG China -- Isabel Liu, Tax Director, People Services; Anlio Shi, Tax Director, Greater Bay Area Tax Practice; and Christina Cheung, Tax Manager, People Services -- discussed the latest policy changes as well as related opportunities for expats working in Mainland China.
The speakers also recommended that businesses should obtain a benefit offered by municipal governments of certain GBA cities, called the “Overseas High-Level Talent and Financial Subsidy of Individual Income Tax for Overseas High-end Talent and Talent in Short Supply.”
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