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China's IIT preferential policy allowing some non-taxable fringe benefits for expatriates is extended till the end of 2023; it was set to expire in 2022.
From 2022, China will roll back tax exemption on some fringe benefits for expatriates. We provide case studies and answer common queries about the changes.
Some Tax-Exempt Benefits for Expats in China to Expire Next Year: Prepare for Possible Transition Some Tax-Exempt Benefits for Expats in China to Expire Next Year: Prepare for Possible Transition April 14, 2021 Posted by China Briefing Reading Time: 6 minutes However, due to the implementation of the Amended PRC Individual Income Tax (IIT) Law and relevant regulations from January 2019, certain non-taxable benefits-in-kind will be replaced by additional itemized deductions for some expatriates, while other non-taxable benefits-in-kind might cease to be exempt from IIT from...