Summary
On 31 August 2018, the Standing Committee of the National People’s Congress promulgated the revised Individual Income Tax Law of the People’s Republic of China (IIT Law). A revision of the IIT Law, last revised in 2011, was highlighted by the Ministry of Finance during the third session of the Thirteenth National People’s Republic of China. Ten days later, the National People’s Congress released the Draft Amendments Seeking Consultation from the Public (Draft). The revised IIT Law retains the key […]
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