Income Tax Self-declaration for Individual Taxpayers in China

Required materials for self-declaration

Equity transfer to another entity

• 2 copies of the Self-Declaration Form of Individual Income Tax (Table 4)
• A copy of the equity transfer contract

Conditional requirement:

• If asset evaluation is required, submit an asset value assessment report on net assets or land and real estate issued by a qualified intermediary.
• If the tax base is low, proof of corresponding materials is needed.
• If benefited from deferred tax payment policies for equity incentives and technology investments, submit proof of transfer price and the original value of the stock for deferred tax payment.

Transfer of restricted stock

Case 1: Taxpayers whose IIT are levied through pre-withholding and prepayment by securities institutions

• 2 copies of the Form for Filing Settlement of Individual Income Tax on the Income from the Transfer of Restricted Stocks
• A copy of records of restricted stock transactions bearing the seal of the securities institution
• A copy of tax payment voucher (exclusively used for the Tax Authority Custodian Fund or the Transfer of Tax payment
• A copy of relevant vouchers for the original value of the property

Conditional requirement:

If the taxpayer authorizes a representative to do the tax declaration, the following documents are needed:

• The original ID of the representative;
• Power of attorney with the authorization statement.

Case 2: Taxpayers who opted to self-declare

• 2 copies of the Form for Filing Settlement of Individual Income Tax on the Income from the Transfer of Restricted Stocks

Investments with personal non-monetary assets

• A copy of the Form of Individual Income Tax by installments on investments with personal non-monetary assets
• A copy of IIT payment certificate of the said installments
• 2 copies of the Self-declaration of Individual Income Tax

Taxpayers under other circumstances or required by the tax authorities

Taxpayers who have taken advantage of the IIT pilot program and deferred payment of taxes for commercial health insurance need to submit the following:

• A copy of the detailed statement on the pre-tax deductions of commercial health insurance and tax-deferred

Taxpayers who are entitled to tax reduction and exemption need to present the following:

• A copy of the Report Form for matters regarding tax reduction and the exemption

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