The surging number of expatriates in China coupled with relatively high marginal tax rates, increasing corporate governance and closer scrutiny by the tax authorities are factors leading to greater demand for tax planning for expatriates.
Since the 2010 edition of Tax Planning for Expatriates in China, the Chinese authorities have issued further circulars clarifying tax issues in practice. Severance compensation, applicability of the 90-day or 183-day grace period, and the 2011 revision to the Individual Income Tax Law are just some areas of note. All these point to a wide range of tax planning opportunities.
Features: legislation (bilingual) commentary illustrative worked examples summary tables
Key Benefits
This 5th edition is a detailed guide to tax planning for expatriates working in China. Written in an easy-to-understand format, the book gives readers an overview of the issues involved in this area, and the recommended strategies for tackling such issues.
Contents Includes:
1.Overview 2.Liability to Tax 3.Taxable Income and Deductions 4.Exemptions and Reductions 5.Tax Calculation 6.Tax Registration, Account Books and Vouchers 7.Tax Returns and Payment of Tax 8.Investigations, Disputes and Penalties 9.Tax Treaties 10.General Application of Treaties 11.Taxation of Individuals 12.Dividends, Interest and Royalties 13.Elimination of Double Taxation 14.Tax Planning Overview 15.Planning with Illustrative Examples 16.Updated Regulations/Circulars/Forms including Legislation (English and Chinese)
