There are many Chinese-English language individual income tax calculators for China that you can use. Simply enter the Chinese city you live in, your income (monthly or yearly), social welfare rate, and special additional deductions, and you'll be able to calculate your personal income tax in...
Pillar 2 Under the BEPS Pillar 2 model issued by the OECD, each in-scope multinational enterprise should pay a minimum effective tax rate of 15% on profits in each of the jurisdictions where they operate. On 29 November 2023, the Resolution on Global Minimum Tax policy in Viet Nam ("the...
Approved incentive scheme The approved incentive scheme was introduced from year of assessment 2021 to provide for a lower tax rate i.e. not more than 20% on the chargeable income of a person who carries on a business in respect of a qualifying activity under an incentive scheme approved by...
The coefficient on tax disincentives is ¾ the size of the one in the baseline specification, but the estimated effects remain economically and statistically significant. Tax jointness refers to the dependence of the marginal tax rate of one spouse on the income of the other spouse. “Positive...
In capital-based retirement systems, workers who do not pay into their pension scheme forego not only their contributions but also the interest rate on it; in pay-as-you-go pension schemes, they do not gain pension entitlement for the time worked undeclared. Making such a consequence more ...