China Amends its Individual Income Tax Law

10 Sep 2018 ChinaWatch
On 31 August 2018, the National People's Congress of the People's Republic of China ("PRC") promulgated the revised PRC Individual Income Tax ("IIT") Law ("IITL"). The 2018 IITL, when it comes into force on 1 January 2019, will repeal the earlier PRC IITL which was promulgated on 30 June 2011 ("2011 IITL").
This Update sets out a short summary of the key differences between the 2011 IITL and the 2018 IITL.
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