Individual Income Tax

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...
Double Taxation Treaty

Individual Income Tax (IIT) Reform: New Tax Law Confirmed

On Friday, August 31st the Standing Committee of the National People’s Congress confirmed the amendments to the Individual Income Tax law, which will fully take effect on January 1st, 2019. This is the most significant tax reform in many years with s...
Work Report 2018

China hints at Income Tax Reform in Work Report

At the annual meeting of the 13th National People's Congress, Chinese Premier Li Keqiang delivered his work report and looked back at the work of the past five years. He also made proposals for the future work of the government in 2018. In retrospec...
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...
income tax

Corporate Income Tax Update in China

Are you an expat working in China? This is the second part of our two-part article series on individual income tax (IIT) in China. In the first part we have given an overview on how individual income tax liability is determined for individuals in Chi...

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; China; income tax; employee; salary; compensation package

How to pay your employees and save taxes in China!

Given that China has recently abolished the Business Tax, the Local Tax Authority has focused even more on the collection of Individual Income Tax. Equally, the chance of being subjected to an unannounced tax audit has grown immensely. A well designe...

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...
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IIT Update

Don´t miss the deadline! Prepare now! Starting form 2006, individuals whose annual income exceeds RMB120,000 will be required to file an annual tax return in the local tax bureau. Who is liable? First of all, it is necessary to determine whether a...