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…
Read moreTag: china
The European Patent Office (“EPO”) and the China National Intellectual Property Administration (“CNIPA”) establishes two-year pilot cooperation under the Patent Cooperation Treaty (“PCT”). Effective from 1 December 2020, international patent applications from nationals, and residents of the People Republic of China including the Hong Kong Special Administrative Region and Macau Special Administrative Region may select…
Read more
Chinese New Year is a significant travel period for many Chinese citizens to return home and celebrate the new year. Usually, the period marks the largest migration in the world with many returning for an extended holiday. However, amidst the on-going pandemic and domestic COVID-19 breakouts, the Chinese government encourage only necessary travel during the…
Read more