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Proposed IIT Reform

Geezer (1863 posts) • 0

KPMG is one of the Big Four auditors, along with Deloitte, Ernst & Young (EY), and PricewaterhouseCoopers (PwC).

Seated in the Netherlands, KPMG employs 189,000 people. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler."

Geezer (1863 posts) • 0

Hope this is helpful, a pdf doc on deductions included in the IIT reform law:

Special Additional Deductions for Individual Income Tax Reform in the PRC

According to the newly revised individual income tax law, for the calculation of taxable income of individual income in the future, besides the RMB5,000 tax exemption allowance and the special deduction such as "five insurances and one fund", six special additional deductions will be added, such as children's education, continuing education, medical treatment for serious diseases, housing loan interest, housing rent and expenditure for elderly dependents.

www.lehmanbrown.com/[...]

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