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News & Events
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How can FIEs use the capital in cash?
6th November, 2014
The Types of Capital Conversion are as follows: a) Reserve Settlement (equivalent to USD 50,000 or less) b) Large Settlement For Capital …
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How serious are the Chinese tax authorities in cracking down on tax evasion by expatriate employees?
5th November, 2014
Chinese tax authorities’ are mounting a campaign against tax evasion. This means it is more likely that expatriate employees in China will be faced with …
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Is it likely that an expatriate employee could get detained in China for outstanding tax payments?
5th November, 2014
Under the Law of the People’s Republic of China on the Administration of Tax Levying (Article 44), a taxpayer must settle outstanding tax payments or …
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How is the taxation liability for an expatriate employee calculated?
5th November, 2014
Depending on whether the foreign establishment is bearing all or only a part of the expatriate employee’s personal tax bill, different calculation formulae apply. Notices …
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Are there variations to the previous Taxation Liability Formula?
5th November, 2014
The formula mentioned above can be varied if the expatriate employee is one who benefits from a tax equalisation plan. Under such equalisation plans, the …
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Is there an alternative to the employer paying tax on the expatriate employee’s grossed up income?
5th November, 2014
Yes. This is in the form of a loan bonus. An employer makes a loan to cover the employee’s individual tax bill and this loan …
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How can an expatriate employee working in China and Hong Kong avoid double taxation?
5th November, 2014
Agreement between the Mainland of China and the Hong Kong Special Administrative Region for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion …
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Would an expatriate employee be considered a resident of Hong Kong for taxation purposes under the Arrangement?
5th November, 2014
Under Article 4 of the Arrangement, a “resident” of Hong Kong who works in the Mainland will be taxed on their remuneration for Mainland-based work …
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How many days will the Hong Kong employee have to be in China before they will incur tax liability under the Arrangement?
5th November, 2014
The crucial question is: “Will the employee clock up more than 183 days in China during any one calendar year?” Before the implementation of …
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Will the fringe benefits received by an expatriate working in China be taken into account for their PRC individual income tax bill?
5th November, 2014
The Individual Income Tax Law of the People’s Republic of China and its accompanying Implementing Regulations (2011 revision), only scrape the surface of the issue …
