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Event Details

(中文请见下)

On 19 June 2018, during the third session of the Thirteenth National People's Congress of the People's Republic of China ("PRC"), the Minister of Finance outlined the proposed amendments to PRC Individual Income Tax ("IIT") rules. On 31 August 2018, the Standing Committee of the National People's Congress approved the amendments to the Individual Income Tax (IIT) Law. The changes generally will become effective on 1 January 2019, although some measures, such as the increased standard deduction and new tax brackets for salaries and wages, will be effective on 1 October 2018.


The adoption of the 7th Amendments to the IIT Law is a milestone in PRC IIT Reform. It has drawn considerable attention from the public and represents a fundamental change to the PRC IIT regime.


Additionally, based on Reform Scheme of the State / Local Tax Collection Administration System, the responsibility of collecting and managing social insurance will be transferred to the tax department from 1 January 2019. This change will also make a strong impact to the enterprises.


Highlights of the IIT Reform

  • · New Tax Residence Rules
  • · Consolidation of tax categories and the introduction of "Comprehensive Income"
  • · Adjusted tax rates and brackets
  • · Increased monthly standard deduction for Comprehensive Income
  • · Introduction of additional itemized deductions
  • · Introduction of general anti-avoidance rules (GAAR)
  • · Tightened PRC IIT compliance and enforcement



Impacts of IIT Reform

  • The revised PRC IIT law will take effect from 1 January 2019. The reform will likely have the following impacts:
  • · Reduction of tax burden for the working class;
  • · Expansion of the taxation scope of foreign individuals in China, and the associated costs to their onshore and offshore employers;
  • · High net worth individuals' global investment strategy and the relevant tax compliance costs.


Impacts of the Collection Change for Social Insurances

  • · The underlying risk for prior years; and
  • · The compliance requirements for future years.

  • In view of the potential impacts of the PRC IIT Reform as well as collection change of social insurance on enterprises and individuals working in China, Deloitte Nanjing tax team will lead a session to discuss the following:
  • · Explanation of the 7th amendments to the PRC Individual Income Tax (IIT) Law.
  • · Potential impacts of the reform on the working class, expatriates in China, high net worth individuals, onshore and offshore employers.
  • · Challenges faced by individual taxpayers as well as enterprises and what they can do to prepare for the upcoming changes.
  • · Analysis of the potential social insurance risks.
  • · Questions and answers session.


Agenda

14:00 - 14:30 Registration & Networking

14:30 - 14:35 Welcome Remarks

14:35 - 16:00 Presentation

16:00 - 16:30 Audience Q&A

16:30 Session Ends



2018年6月19日,在第十三届全国人大常委会第三次会议上,财政部部长刘昆对《中华人民共和国个人所得税条例》的修订草案做出了说明。在8月31日的第五次会议中,人大常委批准了对个人所得税法进行修改。修改之后的个税法拟自2019年1月1日起正式施行。拟自2018年10月1日至2018年12月31日先将工资、薪金所得基本减除费用标准提高至5000元每月,并适用新的综合所得税率。


中国个税法的此次修改是中国个税改革的重要里程碑,引起了公众的广泛关注。它标志着中国在个税法领域正在经历一次根本性的变革。


此外,根据最新颁发的《国税地税征管体制改革方案》,自2019年1月1日起,包括基本养老保险费、基本医疗保险费、失业保险费在内的各项社会保险费将由税务部门统一征收。这一变化同样会对企业产生很大的影响。


本次税改的主要内容包括:

税收居民身份界定的变化

税种合并和综合征税的引入

税率和税级调整

综合所得基本减除费用标准的变化

专项附加扣除项的引入

一般反避税规则的引入

更加严格的税务合规和执行


个税改革的影响

修改后的个税法将于2019年1月1日正式生效,本次改革可能产生以下影响:

减轻了工薪阶层的税收负担

将征税范围将扩大至在中国的外籍人士,并对他们所工作的在岸和离岸企业产生影响

改变了高收入人群的全球投资计划和税务合规成本


社保征收改革可能造成的影响如下:

既往已有违规操作的风险

未来合规要求的变化


鉴于我国的本次税改和社保征收改革将对在华企业和个人产生相当大的影响,德勤(南京)的税务团队将在本次活动中对以下内容进行讨论:

对本次税改进行解读

本次税改对工薪阶层、在华外籍人士、高收入人群、在岸和离岸企业的影响

交税的个人和企业所面临的挑战以及应对措施

对潜在的社保风险进行分析

Q&A环节


活动流程

14:00-14:30 登记&交流

14:30-14:35 致欢迎词

14:35-16:00 德勤税务专家对税改进行解读

16:00-16:30 提问环节

16:30 活动结束

Speakers

Tickets

Member ticket -Free
Member Price Free
Non-Member
RMB 200
Member Company Employee Ticket
Free
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