Author: Horizons

CHINA | Individual Income Tax for Foreign Employees in China

The Individual Income Tax of the People’s Republic of China (“IIT”) was revised in 2018 paved significant changes IIT calculations. With the 2020 Individual Income Settlement due by 30 June 2021, we provide an insight to income tax and compliance requirements pertaining to China’s Individual Income Tax (IIT) Law. Let’s jump in and answer some…

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Patent Update: Chinese nationals and residents may accelerate international patent protection under a two-year pilot system

The European Patent Office (“EPO”) and the China National Intellectual Property Administration (“CNIPA”) established two-year pilot cooperation under the Patent Cooperation Treaty (“PCT”). Effective from 1 December 2020, international patent applications from nationals, and residents of the People Republic of China including the Hong Kong Special Administrative Region and Macau Special Administrative Region may select…

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