Tag: horizons

The Belt and Road Initiative moves into Latin America with China-LAC Santiago Declaration

During the first quarter of 2018, China announced the introduction its Belt and Road initiative in Latin America. This announcement serves to deepen economic and financial cooperation between China and countries where the United States has traditionally had a heavy influence. The declaration, known as the Santiago Declaration, calls for bolstering trade and taking action…

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Trade and economic cooperation agreement signed between China and Eurasian Economic Union (EAEU)

On 18 May 2018, the China Ministry of Commerce (MOFCOM) announced the signing of the Trade and Economic Cooperation Agreement between China and the Eurasian Economic Union (EAEU). The agreement was signed at the Astana Economic Forum held in Astana, Kazakhstan, by the China International Trade Representative and Vice Minister of Commerce Fu Ziying, the…

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Horizons Q & A: individual income tax (IIT) for foreign employees in China

It’s important for both China-based employers and foreign employees working in China to be familiar with income tax and compliance requirements pertaining to China’s Individual Income Tax (IIT) Law. Let's jump in and answer some basic questions in three parts. Part I - Individual income tax of foreign employees Q: What is the Individual Income…

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