Tax Filing Deadlines in China for 2024
The State Taxation Administration made an announcement on the 21st of December 2023, regarding the tax filing and payment deadlines for companies in 2024. In order to remain compliant, companies must ensure that the filings are made correctly and on time, especially to avoid any penalties that may arise. General information on tax filing in […]
Hiring Foreign Employees in China
China is one of the most sought-after countries for foreign investment because of its enticing policies, competitive labor rates, and market reach. For foreign employers, hiring both local and foreign employees ensures the right combination of competence and diversity. Before foreign businesses can employ expatriates, they need to go through a lengthy process and provide […]
China Individual Income Tax Settlement
In this article, we take a deeper look at the specificities of taxable income, deductions, individuals with tax filing exemptions, and the standard processes for annual IIT settlement.
IIT Preferential Treatment
According to China’s existing Individual Income Tax (IIT) law, which came into effect on 1 January 2019, expatriates in China can continue to claim these tax-exempt expatriate allowances until the end of the transition period, ending 31 December 2021.
