We provide information about the requisites for being a resident or non-resident tax payer, standard and special deductions, IIT calculations and settlement as well as preferential IIT policies available in China.
China’s individual income tax (IIT)preferential policy for foreign national workers, which was set to expire on 31stDecember 2023, has been extended for another four years to 31stDecember 2027. Foreigners working in China can continue to enjoy tax exemp...
China’s taxation system provides that the employer is directly doing Income tax Reporting every month. The employer must withhold the monthly salary sum. Also, the employee should complete an annual tax report on their own. It is a complicated procedure, and it might be necessary to demand pr...
Provide U.S. tax consultation for executives’ equity incentive plans to avoid the double taxation impacts from multi-jurisdictions; Provide a one-stop tax planning services to the executives, including both China & U.S. individual income tax perspectives; Tax cost simulations for the executives ...
China’s Individual Income Tax (IIT) Law stipulates that all individuals working and deriving income from within the territory of China are subject to IIT. While Chinese nationals are taxed on all income sourced both domestically and overseas, non-Chinese nationals are only taxed on income deriving...
Individual income tax (IIT) liability for expats in China depends on a – sometimes very complex – combination of factors. An expat planning to keep his personal tax burden at a reasonable level should plan accordingly and...
2023年8月18日 https://www.chinatax.gov.cn/chinatax/n363/c5211240/content.html Announcement on Continuing the Implementation of Individual Income Tax Policies Related to Equity Incentives for Listed Companies Announcement No. 25 of 2023 of t...
Assist with annual tax reconciliation on overseas income; Provide assistance with the tax reporting on income from share transfer and other ad-hoc tax events; Apply for tax clearance certificate; Apply for tax resident certificate. Contact us Jane Cheung Partner, PwC China Tel: +[86] (21) 23...
Berkeley Electronic Press Selected WorksLiJinyanTax Notes International
Individual Income Tax Law of the People's Republic of China (Passed at the 3rd session of the 5th NPC on 10th September 1980; The Law was amended for the sixth time in accordance with the "Decision of the 21st Session of the Standing Committee of the 11th National People’s Congress on...