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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During 2018, Horizons remains highly focused on the efforts of its newly formed China Collaborative Group (CCG). The multidisciplinary legal services collective is designed to provide Chinese clients with cohesive strategic solutions that facilitate cross-border investment under the Belt and Road Initiative and other global economic trade platforms. The Square talks with Roberto Gilardino, Horizons…
Read moreThis post is part of Horizons ongoing sharing of important information related to the implementation of China VAT reforms. China business enterprises within 17% and 11% value-added tax rates subject to a 1% reduction On the 4 April 2018, the Ministry of Finance and State Administration of Taxation jointly announced (Cai Shui [2018] No. 32) that…
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