Employing, managing and developing employees successfully is crucial to the long-term health and success of a company. Foreign companies operating in China often struggle to successfully maintain good employees and terminate difficult ones due to a lack of cultural understanding and knowledge related to relevant laws, rules and regulations. In this article, we outline the…
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Monthly contribution changes to the Shanghai Housing Provident Fund will come into effect from 1 April 2019. On 14 February 2019, the Shanghai Municipal Housing Management Committee of Housing Provident Fund published online The Notice on the Amendment to Shanghai Housing Provident Fund on Payment Basis, Payment and Deposit Proportion and Maximum and Minimum Monthly…
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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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