首page> Announcement Notice>Relaxation of personal income tax exemption conditions for overseas persons

 

 

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Article selector: Guo Hongli    |  Release date: 2019-03-18   |   Number of visits: 728    
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Ministry of Finance、The State Administration of Taxation recently jointly issued the "Announcement on the Criteria for Determining the Residence Time of Individuals Without Domicile in China"。Stated by the relevant person in charge of the Ministry of Finance,The new personal income tax law adjusts the time criterion for resident individuals from one year of residence in the country to 183 days,In order to attract foreign investment and encourage foreigners to work in China,Promote foreign exchanges,The new Individual Income Tax Law Implementation Regulations continue to dafabet online sports betting appretain the original regulations’ preferential tax exemption system for overseas income paid overseas,And further relaxed the tax exemption conditions:


The first is to change the tax exemption conditions from being a resident taxpayer for less than five years,Relaxed to less than six consecutive years;The second is in any year,As long as there is one departure for more than 30 days,Recalculate the number of consecutive years of residence;The third is to change the management method from approval by the competent tax authority to filing,Simplified the process,Convenient for taxpayers。


The "Announcement" also clarifies: staying in the country for less than 24 hours on the same day,Not included in the number of days of residence in the country;The period of continuous residence for "six years" shall be calculated from January 1, 2019,Years before 2019 are no longer included in the calculation。


The person in charge said,In this way,The tax exemption conditions for overseas income of foreigners working dafabet casino mobile appin China (including residents of Hong Kong, Macao and Taiwan) are more relaxed than before。

  Source:Securities Daily

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