Tag: Individual Income Tax (IIT)

April 22, 2022

Latest Tax Incentives for Businesses in 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...
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March 16, 2022

China Individual Income Tax Settlement 2022

In this article, we take a deeper look at the specificities of taxable income, deductions, individuals with tax filing exemptions, and...
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February 9, 2022

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...
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January 12, 2022

Tax Evasion In China

With the Chinese government increasing their efforts on the monitoring of tax evasion, it has become even more important for companies...
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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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July 29, 2021

Do Foreigners in Shanghai need to contribute to Social Security?

China’s social security system is a complicated but unavoidable requirement that can confuse many foreign-invested companies and their employees. With China...
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March 31, 2021

Individual Income Tax Preferential Tax Treatment for Foreigners

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 2022

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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