Tag: Social Security

In 2021, China enforced 2 new laws that deal with data privacy and security. These laws have been implemented to impact...

Under a tax treaty to which the People’s Republic of China (PRC) is a contracting party, PRC tax residents and foreign...

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

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

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

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

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

When hiring employees in China, employers must abide by relevant laws and regulations and as such are required as well to...

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

China has lowered employer contributions to the country's Pension Fund. These significant reductions to employer social security contributions may be one...