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 […]
Tax Rate in China
In accordance with Chinese tax legislation, every company operating a subsidiary in the country is obligated to fulfill monthly tax filings and other related requirements. Compliance with local standards for tax legislation is imperative to maintaining control and minimizing risk for your business in China. This article will go over the primary types of applicable […]
Greater Bay Area China Tax Subsidy
In order to attract high-skilled and urgently needed talents, the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) introduced a preferential individual income tax (IIT) policy for foreign talents and qualified talents from Hong Kong, Taiwan and Macao in 2019. For a period of 5 years, from 2019 until 2023, qualified applicants are able to obtain subsidies […]
Tax Incentives China 2022
Since the outbreak of Covid-19, the Chinese government has implemented various support measures to assist, especially small and medium-sized, enterprises weather the storm. Even though China saw a strong recovery in 2020, and an especially strong performance in 2021, companies are still experiencing difficulties due to global economic effects from Covid-19, as well as various […]
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.
Payroll Services in China: How Does It Work?
Understanding the complexities of payroll in China requires knowledge and experience on local payroll matters. In our latest post we offer an overview on how the payroll system works, what it is comprised of and the benefits of payroll in China
Tax Evasion China
With the Chinese government increasing their efforts on the monitoring of tax evasion, it has become even more important for companies and individuals to ensure they remain compliant with tax laws in China. Learn more about tax evasion, the consequences of it and how to avoid tax evasion in China.
Preferential IIT Policy for Foreigners
There has been a great deal of public interest on the preferential tax policy for foreigners in China and whether it will be extended beyond December of 2021. In the past China has allowed expatriate employees to lower their tax burden by claiming a portion of their salary as tax-exempt allowances. After deliberation from the State Administration of Tax, the policy on non-taxable benefits has been approved for a further 2 years, Ending 31 December 2023.
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 individuals and businesses, how tax laws are passed, as well as how the system works.
Social Security for Foreigners in Shanghai
China’s social security system is a complicated but unavoidable requirement that can confuse many foreign-invested companies and their employees. With China frequently updating its labor laws and regulations, detailed attention to the labor and employment laws is crucial for staying compliant and operating your business in China.
