Our collection of resources based on what we have learned on the ground
Resources
infographic
Calculation of Monthly Salary for Individual Income Tax (IIT) Purposes in China
- January 2014
- Members Access
A table showing the formula for calculating monthly salaries after tax based on the duration of stay in China.
infographic
Individual Income Tax (IIT) Tax Rates and Deductions in China
- January 2014
- Free Access
For different levels of income in China, the Individual Income Tax (IIT) tax rates and deductions are different.
infographic
Individual Income Tax Return in China
- January 2014
- Free Access
A template of an individual income tax return in China.
Q&A
What has it changed after China?s reform on its Value-Added Tax (VAT) System ?
- January 2014
- Members Access
VAT reform is designed to resolve the issue of duplicate taxation on goods and services as a result of the coexistence of BT and VAT systems, as well as to promote the development of modern service industries in China. China officially issued ...
Q&A
What is a benefit of Value-Added Tax (VAT) reform in placement of Business Tax...
- January 2014
- Members Access
BT is a cascading turnover tax for which taxes are paid on the whole cost of the product at every point in the supply chain. By taxing only the “value added” components throughout the supply chain, instead of taxing the entire business tu...
Q&A
Which cities in China have officially applied to participate in the Value-Added ...
- January 2014
- Free Access
Nine other cities and provinces have officially applied to participate in the VAT Reform Pilot Program so far, including Chongqing, Shenzhen, Tianjin, Xiamen, Anhui Province, Fujian Province, Hainan Province, Hunan Province and Jiangsu Province. ...
Q&A
What should foreign investors beware of when relocating within or between tax di...
- January 2014
- Free Access
When possible, relocation should be avoided for cost and time reasons. Meanwhile, foreign investors considering relocation for other reasons should be aware up front that the process is quite likely far more challenging than you anticipate. Re...
Q&A
Besides tax de-registration, what else does a foreign investor have to do in ord...
- January 2014
- Members Access
Beyond tax de-registration, the transfer process requires a foreign investor to re-do essentially all the steps taken in initially establishing the WFOE. Beyond merely the large number of steps required, the need to minimize costs, potential labor li...
Q&A
What is not legally allowed when changing address within a tax district in China...
- January 2014
- Members Access
To cut corners, many investors have been misadvised by other companies to have separate registered and operational addresses (i.e. the company first registers on the outskirts of a city and operate in the downtown). This set-up is not legall...
Q&A
What is the difference between transferring to a new tax district as opposed to ...
- January 2014
- Members Access
No tax officer wants to lose your company’s revenue by letting you relocate to another district and you should expect resistance in conducting the processes for tax closing. This resistance will crop up during the tax audit, which will s...
Q&A
What are the advantages in closing an old company in China and starting from scr...
- January 2014
- Members Access
To avoid the time lag involved in transferring a company to a new tax district, another relocation option is closing the old WFOE and establishing an entirely new WFOE. This “default” option has the following advantages: 1.&nbs...
Q&A
What are the disadvantages of closing an old company in China and starting from ...
- January 2014
- Members Access
The disadvantages of closing an old company in China and starting from scratch are: Larger Capital Needs: a larger amount of capital may be required than in a transfer between tax districts due to registered capital requirements in the ove...
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