The Standing Committee of the National People's Congress passed the "Decision on Amending the Individual Income Tax Law of the People's Republic of China" ("New Amendment") on 31 August 2018, which redefines the concept of PRC tax resident. The PRC tax resident is subject to Individual Income Tax in the PRC on their worldwide income. Please refer to the below attachment for more details.
[Click to view the details of the New Amendment]
Should you have any enquiries regarding the New Amendment or other tax enquiries, please do not hesitate to contact us by email at info@chengtax.com.hk.
Cheng & Cheng Limited is a professional Hong Kong based accounting firm. With many years experience in the financial sector, Cheng & Cheng Limited and its group companies aim to provide the best personal service we can to our valued customers.
