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…
Read moreAuthor: Horizons
Thirty years ago, the internet was still in its infancy, mobile phones were scarce and “social networks” consisted of little more than your friends from college or high school. Today, our personal and professional lives are connected to public and private digital online networks designed to close the geographical distance of the global world, enhancing…
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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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