The annual IIT reconciliation filing for 2020 will be carried out from March. Individuals are required to fill in the form for IIT reductions and exemptions and other attached forms.
As the Taxation Bureau has introduced many new policies in 2020 in response to the sudden outbreak of COVID-19, the annual IIT filing in 2020 has become more complicated.
What are the “traps” in the final settlement of IIT, especially for foreign individuals? How does one prepare for the final settlement of IIT in 2020?
Download "Tricor Insights: Are You Ready for 2020 Annual Individual Income Tax Settlement" below and contact Susan Peng, Tricor China Associate Director of HR & Payroll, at susan.peng@cn.tricorglobal.com for more information.