04:05 APAC
Asia Briefing from Dezan Shira & Associates
income exceeds RMB 120,000 and additional tax is owed. The process covers four types of comprehensive income, including wages and salaries, and allows for a range of deductions, such as social insurance contributions, housing costs, education expenses and charitable donations. Filing can be completed independently, through an employer, or via an authorised third party, with the IIT app and e-tax bureau remaining the primary channels. Dezan Shira’s China Briefing provides a breakdown of essential information, including who must file, available deductions, and practical guidance on completing the reconciliation process.
China China’s annual individual income tax (IIT) reconciliation for the 2025 tax year is now underway, running from 1st March to 30th June 2026. Filing has been fully open to all taxpayers since March 21, with no pre-appointment requirement. Both Chinese nationals and qualifying foreign individuals must reconcile
the tax withheld during the year against their actual tax liability. The reconciliation applies to resident taxpayers, including foreign nationals who have stayed in China, or expect to have stayed, at least 183 days in 2025. Taxpayers may need to file if they are due a refund or if their annual
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GLOBAL PAYROLL MAGAZINE ISSUE 22
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