iit reform

Stuttgart: Employee Assignments to China

Employment contracts, income tax reform and insurance coverage The Chinese government is currently planning the largest income tax reform in seven years. What impact will the new regulations have on the employment of expatriates in China? What gener...

IIT Reform: Saving money with deductions – draft rules released

China’s new Individual Income Tax law was passed at the end of August. It is a major overhaul of the tax system, as outlined here, and will bring major changes both to taxpayers and employers as the withholding agents, with potential savings for tax ...