Information About Individual Income Tax China

Information About Individual Income Tax China

Individual Income Tax China and Important Things You Must Know There are new changes about the individual income tax regulations in China. What business owners and expats need to know about these changes is that they are not exempted from paying individual income tax (IIT) from their earnings. Under the new rules of residency, the…

How to Form Salary Package in China

How to Form Salary Package in China

Learn About the Salary Package in China The base salary of employees must be in the labor contract, and this is the fixed monthly amount that the company guarantees to pay the employee. One-off payments can also be given. For instance, a lot of companies give a 13th month pay to their employees during the…

Liabilities of Legal Representatives in China

Liabilities of Legal Representatives in China

Overview About Legal Representatives in China All businesses that have been started in China, both domestic and foreign, must have their legal representative. They are the company’s main principal and can legally represent the company – and take part in binding obligations. The legal representative can enter on behalf of the company, to comply with…

Learn to Calculate the Minimum Wage in China

Learn to Calculate the Minimum Wage in China

Determine the Minimum Wage in China China has been attracting more foreign investment in recent years, and this adds to how many companies have started a business in China. Consequently, employers must hire employees locally, and they must understand that the local labour law is an essential consideration if they are a foreigner investor in…

New Rules of Moving Money Out of China

New Rules of Moving Money Out of China

Moving Money Out of China and Its Regulations Getting money out of China is the concern of many foreigners who work or have a business there. There are many expatriates in China for work, saving their Chinese Renminbi (RMB) for their future. There could be a time when some of them would want to go…

Tariffs and Duty Cuts in China for 2019

Tariffs and Duty Cuts in China for 2019

China and Its Tariffs and Duty Cuts China cut the tariffs on imports on a lot of goods, and that includes manufacturing parts needed for smartphones and food. It is to continue the economic demand of Beijing and show their desire to open their economy after sealing a trade deal with the USA. There will…