If you doing business in Russian Federation (“Russia”), you should be aware of the following: Fiscal transations shall be conducted in rubles (RUB), the national official currency. RUB payment transactions both in and out of Russia are strictly governed by the government and the Russian Central Bank. Foreign currency payments or RUB transfers between a…
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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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