1 January 2022 will be the date when three major allowances for expatriates (housing rental, child education, and language training) will cease to be individual income tax (IIT) exempt – instead they will be replaced by six other deductions which are unfortunately capped at a very low level. On the same date, the IIT benefit for annual bonus is also clicking for an ending for all tax residents including expatriate staff in China. These will result in a drastic cut to take-home pays for foreign employees or a distinguish increase of labour costs for employers.
Bird & Bird and WTS China will share with you several cases under different scenarios, and provide you with the full considerations and optimised arrangements for these scenarios from tax and legal perspectives.
Participants in this live event will be able to ask questions via the Chatbox function, but please note that places are limited.
We hope you can join us for this event on 10 March.
Please RSVP using the button below. A link will be sent to you one day before the event. For enquiries, please contact Bonnie Chan.