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2020 has been one of a very dynamic year ranging from the first year in the new China annual reconciliation filing and application for Greater Bay Area ("GBA") individual income tax ("IIT") financial subsidy, to complex tax and deployment issues arising from remote working and travel disruption.

Individual taxpayers and withholding agents in China have been facing challenges brought by major adjustments in policies and practical implementation under the China IIT reform, and the 2019 annual reconciliation filing has marked a perfect completion to the first year of this reform.

Similarly, taxpayers in Hong Kong have been facing challenges brought by changes in tax rules and practices. From the year 2018/19 onwards, double taxation triggered by working in a double tax treaty counterpart of Hong Kong would no longer be mitigated by the unilateral tax relief under Section 8(1A)(c) of the Inland Revenue Ordinance. Instead, a foreign tax credit ("FTC") could be claimed if the taxpayers qualify as a Hong Kong tax resident - yet the adverse impact on holdover of provisional tax would arise due to limitation in tax rule.

Furthermore, due to the outbreak of COVID-19, the issues on tax residence status, unexpected double taxation, and demand for change in benefit policies, and tax equalization policy for talent retention and policy competitiveness have been caused.

The Italian Chamber of Commerce has invited PwC experts to share their insights and recommendation on how enterprises and individuals could better manage the above challenges.

Topics to be covered include:

  • Recap and experience sharing of the first China annual reconciliation filing for IIT.
  • Updates on China IIT incentive in the Greater Bay Area.
  • Challenges in foreign tax credit claim and impact on holdover application.
  • The requirements and the recent trend of applying for a Hong Kong certificate of resident status.
  • The IRD's view on certain salary tax issues shared by the IRD and the HKICPA.
  • Tax and HR policies impact due to unplanned travels, the extension of stays, and remote working patterns.


  • Louis Lam (Partner, Global Mobility Services, at PwC Hong Kong)

    Louis Lam

    Partner, Global Mobility Services, at PwC Hong Kong

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  • Victor Yuen (Senior Manager, Global Mobility Services at PwC Hong Kong)

    Victor Yuen

    Senior Manager, Global Mobility Services at PwC Hong Kong

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