The application of fringe benefits and special additional deductions for expatriates.How to deduct the special additional deductions?.The Measure formulates the detailed scope, standards and implementation steps for the special additional deduction: On 13 December 2018, the official Provisional Measures on Special Additional Deductions for Individual Income Tax was published and went into effect on 1 January 2019. On 20 October 2018, the Ministry of Finance, the State Administration of Taxation (SAT) and other relevant departments jointly drafted the Interim Measures for Special Additional Deductions for Individual Income Tax (Draft) and put out to solicit public opinions for two weeks on the official websites of the two departments. According to the newly revised individual income tax law, for the calculation of the taxable income of individual income in the future, besides the RMB 5,000 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.
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