The European Chamber Finance & Taxation Working Group is pleased to have Shenzhen Tax Bureau to brief the members on the new Individual Income Tax Law (IIT) and handle members questions. During this seminar, Tax Experts will help you to understand comprehensively the new IIT and its implication for both foreigners and Chinese citizens. It will also cover IIT incentives for GBA area talents. 

The new IIT Law effective from 1st January 2019 brings significant changes to China’s IIT regime as well as foreigners in China. In this respect it is also important to understand when seconded foreign employees (sent to China by their HQ) are actually becoming subject to China's new IIT law. This seminar will cover the below topics:

• What the updates of New IIT Law ?
• What are the implications of New IIT Law?
• What are the implications of dispatching foreign employees to China ?
• What are the policies for IIT incentives for GBA area talents?
• Can foreign employees establish a permanent establishment of the HQ?
• How should we respond to this new changes of New IIT Law?
• How to optimize the IIT strategies under the new Law?

Outline:

Section 1: Key Changes of PRC Individual Income Tax (“IIT”) for Foreigners – Valeria Manunza 

• New Criteria for China Tax Resident
• New 6-year Rule
• New Counting Method for Staying Days in China
• China Tax Resident Certificate

Section 2: How to Define Tax Liability and What are the Filing procedures – Amber Liu

• Defining Source of Income, from overseas or China?
• Different Tax Liability under Different Staying Days in China
• Different Tax Withholding Method for Tax Residents and Non-residents

Section 3: Preferential Tax Policies – Amber Liu

• Tax Exemption Benefits vs. Specific Additional Deductions
• Preferential Taxing Method For Annual Bonus during Transitional Period
• IIT incentives for GBA area

Section 4: Dispatching foreign employees to China - Amber Liu

• Can foreign employees establish a permanent HQ
• Tax Implication for the employer
• Tax Implication for employees

Section 5: Suggested Actions for the Company to Take – Valeria Manunza

• Internal Review of the Company Policy and Process
• Build IIT Strategies under the New Law
• Timely Update of the New Rules to foreign employees

 Section 6: Q&A  

Tentative Agenda:

1:30-2:00pm Registration and Networking

2:00-2:35pm IIT Updates from Shenzhen Tax Bureau Q&A in Chinese with English subtitle

2:35-3:35pm Filing procedures & preferential policies

3:35-3:45pm Coffee Break

3:45-4:45pm Dispatching foreign employees & suggested actions for company to take, Q&A

Bank Transfer Information
RMB Bank Account
A/C Name: 中国欧盟商会
A/C No.: 7110210182500027543
China CITIC Bank 中信银行京城大厦支行
Capital Mansion Sub Branch
No. 6, Xinyuan Nan Road
Chaoyang District, 100004 Beijing
北京市朝阳区新源南路6号京城大厦            
S.W.I.F.T. Code: CIBKCNBJ100

Speakers

Ms. Amber Liu

Senior Manager, Corporate Accounting Services Shenzhen Office

Ms. Amber Liu

Senior Manager, Corporate Accounting Services Shenzhen Office

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Amber Liu is senior manager of accounting and tax services team in South China, located in Dezan Shira & Associates' Shenzhen office.
She graduated from Southwest University of finance and economics, and is a Chinese Certified Public Accountant (CPA).
Amber worked for 2 years in a multinational manufacturing company and 2 years in a real estate company, and has more than 9 years of Chinese accounting and tax consulting experience.
Amber specializes in accounting and reporting, tax planning, internal control and also transfer pricing issues.

Ms. Valeria Manunza

Chair for the Small and Medium-sized Enterprise South of China Working Group of the European Chamber of Commerce in China; Manager at Dezan Shira & Associates

Ms. Valeria Manunza

Chair for the Small and Medium-sized Enterprise South of China Working Group of the European Chamber of Commerce in China; Manager at Dezan Shira & Associates

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Valeria Manunza is an Italian lawyer, she has obtained a master degree cum laude in Law at the University of Milan in 2011 and was admitted to the Milan Bar in October 2014.

Valeria currently works as Manager in the International Business Advisory team at Dezan Shira & Associates one of China’s most well-known independent business and tax consulting practices, with over 25 years of experience and twelve offices across China. She is based in Dezan Shira & Associates’ Guangzhou office.

Valeria leads the team of South China International Business Advisory providing support to foreign investors aiming at Asia and assistance about legal and management issues affecting foreign Invested Enterprises in China.

Valeria currently covers the role of Chair of Small & Medium Enterprise South China Working Group of the European Chamber of Commerce and the role of the Vice Coordinator of the Intellectual Property Working Group of the Italian Chamber of Commerce in Cina.

Her specialization lies on the protection and enforcement of intellectual property rights. She has started her working experience in China at the Italian Economic Development Ministry IPR Desk, where she advised Italian companies on their rights and on the procedures for their implementation. Valeria has been assisting some of the most important European fashion brands in the protection of their IP in China and has engaged in developing business strategy, IP rights registration and enforcement, and also litigations. In addition, Valeria has managed several specific programs on counterfeiting of clients products in the physical and on-line markets.

Valeria currently lives in Guangzhou and spends most of her time around the four Dezan Shira offices of South China.

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