Last Call of Seminar (Hybrid): Cancellation of Non-taxable Allowances to Foreign Employees - Mar 31, 2021

Dear Members and Friends of CICC,

The China-Italy Chamber of Commerce (CICC), is pleased to invite you to the seminar "Cancellation of Non-taxable Allowances for Foreign Employees " that will be held from 9:15am to 12:00pm on March 31st, 2021. The seminar will focus on key trends on China personal tax and immigration updates.

At present, foreign individual's non-taxable BIK policy on accommodation, children's tuition and language training in China based on Circular Guoshuifa [1997] No. 54 has no conclusion on whether it will terminate or not at the end of 2021. Many companies with foreign expatriates/ locally hired employees are closely monitoring the potential legislative changes and evaluating the cost impact for both employers and employees.

Under such circumstances, we will share the details of the legislation background, the tendency of PRC Individual Income Tax ("IIT") reform, the impacts on employers and employees by the cancellation of non-taxable Benefits-in-kind (BIK) for foreigners, and our suggestions for CICC members.

Event details

Date: March 31st, 2021

Time: 9:15 am - 12:00 pm (GMT+8)

Online: Zoom link will be sent one day prior to the event

Offline Venue:

1. Shanghai Deloitte Tax Ltd. Suzhou Branch

上海德勤税务师事务所有限公司苏州分所

Address: 24/F Office Tower A, Building 58, Suzhou Center, 58 Suxiu Road, SIP, Suzhou

苏州工业园区苏绣路58号苏州中心广场58幢A座24层

2. CICC Shanghai Office

中国意大利商会上海办公室

N. 777 Weihai road, 10th Floor, Jing'An District Shanghai

上海市, 静安区, 威海路777号10楼

Price

Member online ticket: RMB150

Member offline ticket: RMB180

Non-member online ticket: RMB180

Non-member offline ticket: RMB250

Agenda

9:15-9:30 Arrival and Registration

9:30am-10:30am Speaker: Helen Ha, Tax Partner with Global Employer Services Team in Deloitte Eastern China

• Updates on Talent Incentives in China
• Latest Trends and Market Insights on Benefits-in-kind Tax Legislative Change
• China Immigration Updates
• Global Mobility Insights on COVID-19

10:30am-11:30am Speaker: Lorenzo Riccardi, Managing Partner RsA Asia Tax Advisor

• 2022 Tax impact on Benefits, Bonus, Stock Options
• South China Personal Tax Policy (Hainan, Hong Kong)
• Worldwide taxation and China-Italy New Tax Treaty
• Tax Comparison Italy, China, South East Asia

11:30am-12:00pm Q&A

Due to limited number of seats for offline attendees, participants will be served on a "first-come, first-served" basis. To ensure your attendance we encourage you to register. We cannot guarantee entry to anyone who has not registered in advance.

Kind Regards,

CICC Team