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PLEASE NOTE: Due to popular demand, AmCham Shanghai is hosting a second session in the afternoon, the content covered will be the same as the morning session. The morning session is fully booked with limited seating available for the afternoon. For any questions on registration please contact kelly.deng@amcham-shanghai.org.
AmCham Shanghai's Tax Committee invites you to join a Briefing on the Status of PRC Individual Income Tax Reform (Implications for U.S. Tax Residents in China) on November 1, 2018 from 14:00 - 16:00 at the AmCham Shanghai Conference Center.
After the United States enacted comprehensive tax reform in December 2017 (including reform of individual income tax ("IIT") provisions), China officially approved the 7th amendments to the PRC Individual Income Tax Law on Aug 31, 2018. Similar to the US tax reform, the China IIT reform also contains broad changes to the old rules, which will have a significant impact to individuals. It is expected that more follow-up measures will be introduced by the PRC authorities to support and further clarify various aspects of the IIT reform. Join us for an update on (i) the status of the reform, (ii) its potential impact to US tax resident individuals living and working in China, and (iii) the timing of enactment.
This event will include a presentation on the status of the reform as well as a panel Q&A session covering the following:
- Additional guidance and clarification provided since the law was approved in August
- Interpretation of the five-year tax holiday rule
- Interaction of the new provisions with U.S. tax law (e.g., use of foreign tax credits and foreign earned income exclusion)
- Practical considerations specifically for U.S. tax resident (e.g., citizens and greencard holders) individuals living and working in China
Agenda
14:00 Registration
14:10 Opening Remarks
14:15 Presentation
15:15 Panel Discussion Q&A
15:55 Closing Remarks
16:00 Event Ends