Search Results for: business

Cina: cresce la domanda interna. Maggiori occasioni per gli investimenti stranieri

Cina: un mercato ancora più ricco di opportunità. Con il nuovo piano quinquennale 2021 – 2025, la Repubblica Popolare Cinese promuove la crescita e i consumi adottando la strategia cosiddetta di doppia circolazione. Semplice il disegno per risultati che si vogliono immediatamente tangibili. Le leve economiche sono infatti duplici. Da un lato si imprime un deciso impulso alla domanda interna di beni e servizi. Dall’altra si attraggono investimenti ad alto valore aggiunto dall’estero, privilegiando in particolare l’apporto di nuove tecnologie. […]

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CHINA | Navigating Cross-border Foreign Currency Exchange

Foreign-invested entities (“FIE”) in China often encounter several issues in cross-border foreign currency exchange (“foreign exchange”).

Entities and individuals in China are strictly provisioned to adhere to the relevant laws, rules, and regulations. Otherwise, the corresponding government body or financial institution (“FI”) can refuse to administrate foreign exchange.

The State Administration of Foreign Exchange (“SAFE”) is the governing government body administrating foreign exchange. For FIE, foreign exchange can be a minefield without the right expertise. Below, we highlight the main […]

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CHINA | Individual Income Tax for Foreign Employees in China

Revised Individual Income Tax of the People’s Republic of China (“IIT”) paves significant changes IIT calculations.

With the 2020 Individual Income Settlement due by 30 June 2021, we provide an insight to income tax in China and compliance requirements. Let’s jump in and answer some basic questions in three parts.

Q: Who is Considered as a Tax Resident?

A: Under the IIT, a tax resident is defined by either the domicile of the individual or the duration of stay in China.

Domicile

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