Dear Members & Affiliates,

On 26 September 2018, The Society of Chinese Accountants & Auditors was invited to attend the meeting with the Financial Secretary and the Secretary for Financial Services to discuss about the impact of the recent amendments to the Individual Income Tax Law in the Mainland.

Financial Services and the Treasury Bureau informed us that the Ministry of Finance and the
State Administration of Taxation have just launched a public consultation on the proposed Individual Income Tax Regulations on 20 October 2018. The consultation will end on 4 November 2018.  Please find below the hyperlink to the consultation materials -

http://www.gov.cn/xinwen/2018-10/20/content_5332913.htm

We would like to draw your attention to clause 4 of the proposed Regulations in particular, which reads -

"第四条

在中国境内无住所的居民个人，在境内居住累计满183天的年度连续不满五年的，或满五年但其间有单次离境超过30天情形的，其来源于中国境外的所得，经向主管税务机关备案，可以只就由中国境内企事业单位和其他经济组织或者居民个人支付的部分缴纳个人所得税；在境内居住累计满183的年度连续满五年的纳税人，且在五年内未发生单次离境超过30天情形的，从第六年起，中国境内居住累计满183天的，应当就其来源于中国境外的全部所得缴纳个人所得税。"

If you would like to share your views, please send it to info@scaacpa.com.hk.

Thank you very much for your attention.

Regards,
Elizabeth Law
Chairman of Taxation Committee
The Society of Chinese Accountants & Auditors

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