New IIT Regime: First Annual Individual Income Tax Filing on Comprehensive Income

As the deadline for China IIT annual filing on comprehensive income is approaching, we have summarized the key points for your reference, which include:

• What is IIT annual filing for comprehensive income
• How to calculate the estimated additional tax payable/ tax refund
• Allowable deductions for IIT annual filing
• IIT annual filing procedures
• PKF Tax Team's Services

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You are welcomed to contact your usual PKF tax executives for enquiry and assistance, or you may reach our Tax Partner Henry Fung or Tax Manager Jeffrey Lau via enquiry@pkf-hk.com for any tax, auditing or corporate service matters.