Corporate Services

About MSA

MSA is a full-service accounting and strategic advisory partner that assists foreign SMEs in China and Asia. We have been helping foreign companies establish and consolidate their presence for over a decade.

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.

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 rate according to China’s Individual Income Tax framework.

Employment Income Transfer China

In this article we discuss the method for individuals to transfer income from employment to a bank account abroad safely and compliantly.

Income Tax in China

We provide an overview of everything you need to know about China’s Individual Income Tax system.

Explaining China’s Social Security System and Housing Fund Scheme for Employers

When hiring employees in China, employers must abide by relevant laws and regulations and as such are required as well to make contributions to social security and the housing provident fund. In this article, we provide an extensive overview of China’s social security system and the housing provident fund from an employer’s perspective.

Annual IIT Settlement 2020

In December 2019, the State Administration of Taxation issued a tax circular on the final settlement of individual income tax in 2019. The circular serves to further clarify the process of annual tax settlement and to establish a reasonable and orderly system for the settlement and payment of comprehensive income from personal income tax.

China’s Recent Tax Reforms and Implications for EU SMEs

China has recently implemented changes and reforms to the Individual Income Tax (IIT), the Value Added Tax (VAT) and Corporate Income Tax (CIT) in China. This webinar, addresses the main changes of these reforms and will elaborate on their impact for EU businesses operating in China.