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January 4, 2022

China Extends Preferential Individual Income Tax Treatment for Foreigners

There has been a great deal of public interest on the preferential tax policy for foreigners in China and whether it...
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December 30, 2021

Important Tax News for All Employees in China: Annual Bonus to be Taxed Less Until 2023

The preferential individual income tax (IIT) policy which has been applicable for once-off annual bonus payments has now been extended until...
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November 19, 2021

A Complete Overview of the Tax System in China

We explore the tax system in China, giving you a brief understanding of the different tax categories that may apply to...
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April 29, 2021

China’s Corporate Income Tax

China's Corporate Income Tax (CIT) is generally applicable to all companies in China or those with business activities in China. A...
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March 31, 2021

Individual Income Tax (IIT) Preferential Tax Treatment for Foreigners: the End of Expatriate Allowances in China?

According to China’s existing Individual Income Tax (IIT) law, which came into effect on 1 January 2019, expatriates in China can...
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January 28, 2021

How to Calculate Taxes on an Annual Bonus in China

In our article we discuss how the Individual Income Tax on bonuses is calculated following the end of the preferential tax...
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September 29, 2020

China’s Individual Income Tax: Everything You Need to Know

We provide an overview of everything you need to know about China's Individual Income Tax system.
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July 27, 2020

What is a Fapiao? The Invoicing system in China Explained

We discuss what a fapiao is, how it is different from an invoice, how to use fapiaos and where their importance...
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February 25, 2020

Annual Individual Income Tax Settlement

In December 2019, the State Administration of Taxation issued a tax circular on the final settlement of individual income tax in...
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