China IIT-Reform 2022 - "A hot topic for expats"
MITTELSTAND INTERNATIONAL Shanghai - Get-Together Event
As China’s central government decided two years ago to end the tax-free status (IIT Individual Income Tax) for rent, tuition, and other “benefits in kind” for foreign residents at the end of 2021, this became a „hot topic“ for expats in China.
Last week (15.07.2021) members and guests of "MITTELSTAND INTERNATIONAL Shanghai" attended an interesting presentation addressing exactly this issue.
Mr. Edmund CAO (Tax Manager/Senior Consultant at ECOVIS Ruide, Shanghai) gave in-depth insights and examples on the IIT-reform, the changes, and the possible impacts for expats starting in 2022. As always at "get-together events", the members and guests of Mittelstand International Shanghai had the opportunity to address individual questions to the speaker. After the lecture, there were also many opportunities for networking.
For further information on upcoming events see:
“MITTELSTAND INTERNATIONAL Shanghai – Karl-Heinz Hessenthaler”
https://www.linkedin.com/company/mittelstand-international
Dirk Müller
VBU-Partner in Shanghai