It’s essential for individuals, including expatriates in China, to verify their eligibility and confirm deduction details before the month’s end. This proactive step ensures timely tax savings for the upcoming year.

To ensure you benefit from the available deductions, consider the following guidance:

1. Understanding IIT Special Additional Deductions:

   Familiarize yourself with the range of expenses covered under IIT Special Additional Deductions introduced in 2019. These deductions encompass various categories such as childcare, education, healthcare, housing, and eldercare.

For more information about the applicable scope, deduction amount, and method to claim IIT special additional deductions, please read: China’s IIT Special Additional Deductions: An Explainer

2. Importance of Confirmation:

   Confirming your IIT Special Additional Deductions annually is crucial. Failure to do so could lead to a suspension of deductions by the withholding agent from January of the following year. This delay may affect your tax savings and financial planning.

3. Confirmation Period for 2024:

   Mark your calendar: the confirmation period for 2024 starts on December 1, 2023, and concludes on December 31, 2023. Take advantage of this window to ensure your deduction information is up to date.

4. How to Confirm:

   Utilize convenient digital channels like the IIT app or the e-tax system website for confirmation. Registration with these platforms is necessary, and procedures vary for Chinese citizens and foreigners.

5. Obligations for Expatriates:

   Expatriate employees meeting resident taxpayer standards should prioritize confirming their deduction information by December 2023. This aligns with the process followed by their Chinese counterparts.

By staying proactive and adhering to these guidelines, you can effectively manage your IIT Special Additional Deductions and optimize your tax planning strategies.