top of page

China Individual Income Tax Reform Draft implementation regulations released for public consultation

On 20 October 2018, China’s Ministry of Finance (MOF) and the State Administration of Taxation (SAT) released draft implementation regulations for the amended PRC Individual Income Tax (IIT) law for public consultation. The consultation will last through 4 November 2018.

A broad reform of the IIT law, approved on 31 August 2018, introduces the 183-day rule for determining the tax residence of individuals, amends the income tax brackets and allowable personal deductions, and introduces anti-avoidance rules applicable to individuals. Most of the measures generally will become effective on 1 January 2019, although some measures (e.g. the increased standard deduction and new tax brackets for salaries and wages) apply as from 1 October 2018.

Recent Posts

See All


In further effort to augment the Fund Industry in Singapore, the Monetary Authority of Singapore (MAS) and the Accounting and Corporate Regulatory Authority (ACRA) launched the Variable Capital Compan


bottom of page