IIT

New IIT Law: Will it lead to an Exodus of Foreign Executives working in China?

Tax Notes International looked at the new tax residency rules under the reformed Individual Income Tax (IIT) law and how they could affect expatriates working in China. The article looked in particular at the potential taxation of worldwide income an...

Tax Rules for Foreign Players in China

According to the FIFA/Coca-Cola World Ranking, China’s male footballers are currently ranking 81st among all member states. Nonetheless, China’s own domestic league, the Chinese Super League (CSL), broke records recently, when its clubs went on an in...
IIT

Individual Income Tax (IIT) In China: The Ground Rules

In a mini-series of two articles, we will share some information about a topic we not only deal with in our consulting work but which also affects everybody living and working in China: individual income tax for expats. Our aim is to provide you with...

ECOVIS Beijing at the German Centre Beijing: IIT, Social Insurance, and Invest in Germany

On 22. March 2017, ECOVIS Beijing organized two events at the German Centre in Beijing. In the morning, our IIT & Social Insurance expert Manuela Reintgen, together with Klaus-Peter von der Eltz informed the on individual income tax and insurance...

IIT Declaration Reminder

 IIT declaration deadline: 31 March 2017 With the upcoming IIT declaration deadline on 31 March 2017, we would like to give a short update on this topic as this affects everybody living and working in China on a daily basis. China’s tax office re...

8 February 2017 Seminar: IIT & Social Insurance Update

  Wednesday, 8 February 2017   Our next seminar will focus on the newest tax regulations related to the individual income of expats, time apportionments, payroll and tax optimization strategies. Additionally, social insurance and all rele...
Ecovis Beijing, tax audit

Chinas new tax filing online platform brings new risks for foreign companies

Due to the VAT reform in China, the Chinese tax authorities are introducing a new online tax filing system called “Golden Tax Version 3” nationwide. This new tax system does not only include VAT, but also CIT, IIT and other taxes. For the past 2-3 mo...

Monthly Seminar: How to Design an Effective Remuneration Package

Tuesday, 14 June 2016   Don't miss our monthly seminar on frequent questions regarding tax and legal regulations for SME in China. This June, Alice Wang, Tax Manager at ECOVIS Beijing, will talk about how to optimize your compensation package f...

Individual Income Tax – Part Two

This is the second part of our two-part article series on individual income tax (IIT) in China. In the first part, we gave an overview on how individual income tax liability is determined for individuals in China. In this part, we will now point out ...

Individual Income Tax – Part One

In this series of two articles we would like to share some information about a topic we not only deal with in our consulting work on a daily basis, but which also affects everybody living and working in China on a very personal level: individual inco...