Individual Income Tax
Recently, the tax revenue generated by individual income tax has increased rapidly. Due to the amendment of the Law on Individual Income Tax m88 sport betting app the promulgation of the Common Reporting Stm88 sport betting appard (CRS), individual income tax has received attention from many different groups, especially high net-worth individuals. Individual income tax plays an important role in the adjustment m88 sport betting app redistribution of income. Individuals need advice in complicated issues faced in tax collection m88 sport betting app administration, such as tax considerations for share incentive plans, taxation for foreign nationals, m88 sport betting app the impact of the CRS on personal asset allocation m88 sport betting app taxation costs.
Our Team
JunHe’s taxation law team is composed of senior practitioners with many years of experience m88 sport betting app several rising stars. Our team includes a former official of the State Administration of Taxation, lawyers from premier international m88 sport betting app domestic law firms, m88 sport betting app a researcher from a well-known finance m88 sport betting app taxation institution. Together, they offer clients unparalleled strength in reading the subtext of macro policies, finely honed skills in analyzing practical issues, solid theoretical knowledge, extensive experience, strong communication skills, m88 sport betting app a solution-oriented approach. Our tax attorneys have abundant theoretical m88 sport betting app practical experience in individual income tax law practices, m88 sport betting app have provided clients with services in areas such as tax planning for employee share incentive plans, tax analysis for the dispatch of foreign nationals, m88 sport betting app the identity recognition of tax residents under the CRS.
Key Practice Areas
Share Incentive Plans: assisting enterprises in formulating tax plan schemes for share options, equity options, restricted stocks, stock rewards m88 sport betting app other share incentive plans, so as help clients optimize their tax benefits;
ESOP Platforms: providing ESOP platforms with tax planning schemes, m88 sport betting app conducting analysis on the tax liabilities;
Individual Income Tax of foreign nationals: providing tax planning schemes (e.g. eight tax-free allowances for foreign nationals) m88 sport betting app risk management for senior officers/employees of enterprises who are foreign nationals;
Pension/commercial insurance: render tax risk assessment m88 sport betting app optimization suggestions regarding employee welfare systems of enterprises;
Wealth management/inheritance: design rational asset allocation strategies m88 sport betting app wealth inheritance plans for high net worth individuals under the new rules of CRS/FATCA.
Recent Representative Cases
Responded to inquiries m88 sport betting app inspections from the tax authority on behalf of a well-known domestic MCN company m88 sport betting app its artists
A well-known domestic MCN company with many popular artists under its flagship name was targeted by the tax authorities. Based on whistleblowing m88 sport betting app big data screening, the authorities had raised concerns with the company regarding individual income tax m88 sport betting app other issues. JunHe assisted the company m88 sport betting app its artists in analyzing m88 sport betting app sorting out various materials, communicated with the local tax authority, calculated the potential tax exposure m88 sport betting app improved the client's business models m88 sport betting app agreement arrangements in the later stages.
Legal advice on tax laws for a domestic individual on property declaration obligations under the new CRS rules m88 sport betting app tax-related implications
A domestic individual held offshore assets, including equity interest in enterprises m88 sport betting app cash equivalents. After the country where his assets are located implemented the Common Reporting Stm88 sport betting appard (CRS), information regarding his offshore accounts would be collected m88 sport betting app exchanged by the Chinese authorities. After researching the Chinese laws m88 sport betting app the laws m88 sport betting app regulations of the country where the assets were located, JunHe assisted in analyzing the declaration obligations for his offshore assets under the CRS rules, m88 sport betting app the potential implications under Chinese tax law.
Legal advice on tax laws for a well-known offshore media group on individual income tax issues for its employees in China
A well-known offshore media group planned to send employees to work in China. JunHe assisted in the analysis of individual income tax in China m88 sport betting app the relevant filing obligations. JunHe helped to review the relevant legal documents, including the service agreements signed with the domestic agents, the labor contracts with the employees m88 sport betting app the labor dispatch contracts.
Legal advice on tax laws for a domestic private enterprise regarding the tax issues of ESOP
A domestic private enterprise planned to establish ESOP in conjunction with the introduction of investors. Based on the needs of the client, JunHe proposed m88 sport betting app analyzed the applicable taxes m88 sport betting app withholding obligations for the different types of plans; m88 sport betting app further analyzed the potential tax risks in the scheme under the regulations of Chinese tax laws on equity transfer by individuals, m88 sport betting app then provided legal advice.
Legal advice on tax laws for an individual on the application of individual income tax for income on incentive received under earn-out plan
An individual shareholder entered into earn-out plan with investors when disposing of a company under his control. After the conditions were met m88 sport betting app the income was due to be paid, the individual disagreed with the withholding tax paid m88 sport betting app the applicable tax rate. JunHe analyzed the nature of the income based on the transaction documents provided, m88 sport betting app assisted the individual in his communication with withholding agent m88 sport betting app the tax authority.
