REGULATIONS ON WORK PLACEMENT IN CHINA

7 July 2020 | Human Resources, Work placement

Work placement in China has been mainly regulated via China’s Labor Contract Law, detailed implementation regulations and Interim Provisions for Labor Dispatch. In this article the structuring of work placement arrangements between the hiring company, staffing firm and dispatched employee is discussed, as well as restrictions applicable to work placement, remuneration and return of dispatched workers. ... READ MORE


IIT SERIES 4: TRANSITIONAL TREATMENT OF PREFERENTIAL IIT POLICIES

15 June 2020 | Human Resources, IIT

The implementation of the new Individual Income Tax law resulted in a comprehensive review of existing tax policies, including policies on preferential tax treatment. As the new law includes provisions on topics which in the past were addressed in preferential policies, China’s State Administration of Taxation and Ministry of Finance jointly issued the Notice Regarding of Transitional Treatment of IIT Preferential Policy after the ... READ MORE


IIT SERIES 3: PRE-TAX DEDUCTIONS, SPECIAL ADDITIONAL DEDUCTIONS AND OTHER DEDUCTIONS

4 June 2020 | Human Resources, Income Tax

In our previous articles we discussed what comprehensive income and annual settlement is and to whom it applies as well as how taxation of resident individuals is calculated. In this third article of our IIT Series the available deductions which reduce the taxable income are discussed in detail. ... READ MORE


IIT SERIES 2: TAXATION OF INCOME OF RESIDENT INDIVIDUALS

27 April 2020 | Human Resources, Income Tax

Per 1 January 2019 China’s amended Individual Income Tax Law, requiring individual residents required to annually calculate their final income tax payable and handle their annual settlement. 2020 marks the first-time taxpayers have to handle the annual settlement in accordance with the new law. Between 1 March and 30 June 2020 annual settlement must be performed for the period of 1 January to 31 December 2019. ... READ MORE


IIT SERIES 1: WHAT IS COMPREHENSIVE INCOME, ANNUAL SETTLEMENT AND TO WHOM DOES IT APPLY?

24 April 2020 | Human Resources, Income Tax

Per 1 January 2019 China’s amended Individual Income Tax Law (hereinafter referred to as “IIT Law”) entered into effect. According to the provisions of the IIT Law, individual residents (hereinafter referred to as “taxpayers”) are required to annually calculate their final income tax payable and must handle their annual settlement. The amendment of the IIT Law has been a tax major reform, effecting changes in the ... READ MORE


INTRODUCTION TO EMPLOYMENT CONTRACTS IN CHINA

21 April 2020 | Human Resources, Employment Contracts

In China employment relationships are mainly governed by the PRC Labour Contract Law and its implementation rules, in combination with state-level, regional and local related rules and regulations. The legislation applies to all companies located within Mainland China, including Foreign Invested Enterprises and covers both foreign and Chinese employees. In this article the different types of employment contracts are ... READ MORE


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