{"id":4721,"date":"2016-01-12T07:47:15","date_gmt":"2016-01-12T06:47:15","guid":{"rendered":"http:\/\/www.ecovis.com\/focus-china\/?p=4721"},"modified":"2021-09-06T15:01:18","modified_gmt":"2021-09-06T13:01:18","slug":"iit-update","status":"publish","type":"post","link":"https:\/\/www.ecovis.com\/focus-china\/iit-update\/","title":{"rendered":"IIT Update"},"content":{"rendered":"

Don\u00b4t miss the deadline! Prepare now!<\/strong><\/p>\n

Starting form 2006, individuals whose annual income exceeds RMB120,000 will be required to file an annual tax return in the local tax bureau.<\/p>\n

<\/p>\n

Who is liable?<\/strong><\/p>\n

First of all, it is necessary to determine whether an individual is subject to a self-declaration. Those who meet one of the following points are requested to submit a self-declaration:<\/p>\n

    \n
  1. The individual’s annual income exceeds RMB120,000.<\/li>\n
  2. The individual’s income is earned from more than one employer.<\/li>\n
  3. The individual’s income is received from outside of China.<\/li>\n
  4. Individuals who have an income, but do not have a withholding agent.<\/li>\n
  5. Other situations stipulated by the State Council.<\/li>\n<\/ol>\n

    Expatriates working in China who meet the above mentioned criteria also have the obligation to make an annual individual income tax filing.<\/p>\n

    What to report?<\/strong><\/p>\n

    In order to complete the individual income tax declaration, the individual is required to provide the following information of the taxable income:<\/p>\n