On the afternoon of July 23, the roundtable seminar on “Retirement Dispute Prevention and Risk Mitigation for Over-Age Employment,” co-hosted by D’Andrea & Partners and PHC Advisory, and co-organized by Surfaces Group and its subsidiary Vincent (Suzhou) Tools Co., Ltd., concluded successfully in Suzhou.
As the workforce ages and the phased retirement extension policy takes effect, over-age employment has become a reality for a growing number of companies. While this model offers cost advantages, it also brings significant compliance risks – including employment relationship classification, work-related injury liability, individual income tax (IIT) treatment, social insurance contributions, and termination disputes. Balancing workforce needs with legal and tax compliance has become a critical challenge for HR, finance, and legal professionals.
The seminar addressed these issues from both legal and tax/financial perspectives, offering attendees practical and actionable solutions. Mr. Aris Xie, Partner at D’Andrea & Partners, analysed recent court cases, clarifying critical issues such as employment relationship determination, contract signing, work injury insurance enrolment, and termination/dispute handling for over-age workers.
Mr. Stefano Catozzi, Senior Advisor at PHC Advisory, delved into practical tax and financial strategies, covering IIT withholding, the boundary between service fees and salaries, corporate income tax deduction documentation, and cost optimisation under the evolving social insurance integration framework.
The session also featured an extensive open Q&A segment, where participants engaged deeply with the experts on their specific business scenarios.
Looking ahead, D’Andrea & Partners and PHC Advisory will continue to monitor the evolving regulatory landscape surrounding over-age employment and retirement disputes, and will be rolling out more events focused on key compliance topics for businesses. Stay tuned for updates on our upcoming activities and professional insights.
