The first annual filing season (1 March 2020 to 30 June 2020) is fast approaching. Announcement  No. 44 and Announcement  No. 3 were issued in order to stipulate more detailed rules.
It is still worth noting that annual IIT filing is only applicable for tax residents who receive consolidated income (wages and salaries, service remunerations, authorship remuneration and royalties). For non-tax residents, the IIT should be filed on a monthly basis. If their IIT is not properly filed during the monthly filing, backlog filing on a monthly basis will be required, which may involve necessary late payment interest and/or penalties.
In order to support the prevention and control of the COVID-19 epidemic, the Ministry of Finance (MOF) and the State Administration of Taxation (SAT) jointly issued Announcement  No. 9 and 10 on 6 February 2020.The announcements provide the following beneficial tax policies, effective from 1 January 2020:
With this newsletter we give an overview of recent or expected changes in the area of Global Mobility in different countries.
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