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Following Premier Li Keqiang's signing of the State Council Decree of the People's Republic of China No. 707 "Detailed Implementation Rules of the PRC Individual Income Tax (IIT) Law (DIR)", the State Council promulgated the No. 41 Notice "Provisional Implementation Measures of Additional Itemized Deductible Items (Provisional Measures)". As such, the IIT reform with the greatest magnitude in 38 years has officially begun.

Immediately thereafter, the PRC Ministry of Finance and State Administration of Taxation has released a series of announcements and notices on various issues which include the transitional arrangements from the existing to the new IIT laws, the use of taxpayer identification number, detailed guidelines on additional itemised deductions, management of tax withholding and annual reconciliation filing, and preferential treatments for tax residents such as annual bonus, equity income and non-taxable benefits (for foreigners).

These policies provide not only clarification of responsibilities and obligations of employers as withholding agents, but also further guidance for taxpayers' attention under the new IIT law.

In this seminar, professionals from PwC will share with members their analysis and interpretations of the IIT reform, the new regulations and their impacts on both employers and taxpayers, so as to help you get ready for the implementation of the IIT reform.

Speaker(s) Louis Lam, China South Leader, PwC Global Mobility Services
Iris Lai, Manager, PwC Global Mobility Services
Language Cantonese
Date and Time 2019/02/20 12:30 to 14:00
Venue Chamber Theatre, 22/F United Centre
Media Open to media
Enquiries Wendy Chan
Tel: 28231207
Email: wendy@chamber.org.hk
Fee Members @ HK$190 / Non-Members @ HK$400
+$50 for booking offline
This event accepts Chamber Coupon (terms and conditions)
Members enjoy 30% discount with BOC HKGCC VISA Card
Notes - Bookings will only be confirmed with full payment, on a first-come-first-served basis.
- Substitution is allowed for corporate members only with advanced notice while walk-ins will normally not be accepted.
- Please note that the Chamber reserves the right to decline any booking or cancel the event without explanation. In any such instance, the event fee will be returned in full.
- There will be no refund for attendees cancelling or not showing up for the event unless the cancellation request is made in writing at least 3 days before the event, and in such cases the refund will be subjected to a 10% administration fee, or HK$100 deduction, whichever is higher.
- Members paying with their BOC HKGCC Visa Card will enjoy a 30% discount on their reservation. The discount is only applicable to the card holder, and does not extend to their guests. The discount cannot be used in conjunction with Chamber Coupons.
- Starting 1 January 2017, all off-line bookings (e.g. fax, e-mail, post) for Chamber events will be charged a $50 handling fee per person. Make the switch to online today by installing our app or registering via our website to save the environment and save money.
- Priorities are given to corporate members. The decision to accept or decline any bookings shall be at the sole discretion of the Chamber.