Today, China companies are increasingly leading industry fields. The 14th Five-Year Plan 2021-2025 set forth China’s objective to become a leading innovation country by 2035. For Italian companies, the modernised China presents both new investment opportunities and compliance risks. Moving forward from low-cost manufacturing, China is focused on attracting high-quality foreign investments, especially in industries…
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On 1 January 2019, reforms in China's Individual Income Tax (“IIT”) were effective. IIT reforms ease tax burdens for lower-income earners and provision higher taxes for high-income earners – both foreign and domestic individuals. For foreign employees in China, further IIT changes from 1 January 2022 shall heavily impact the net salary. Effective from 1…
Read moreCambia radicalmente la tassazione sui redditi in Cina. Con importanti ripercussioni sulla gestione delle società e sui loro manager. Questo cambio di passo è il primo, importante, effetto della riforma delle imposte sui redditi individuali, che è sì in vigore il primo gennaio del 2019, ma che entrerà a pieno regime con importanti ripercussioni il…
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