China’s new income tax law could be costly for foreign workers, but there’s good news too
Foreigners who live and work in mainland China for prolonged periods will be required to pay tax on their worldwide income under a new law that took effect on Tuesday. But while the new regulations might at first seem punishing, Beijing has left plenty of room for non-natives to avoid the extra payments.
Approved at the end of August, the new legislation defines a “resident taxpayer” as anyone who is either domiciled in mainland China, or non-domiciled but spends 183 days or more there over the course of a calendar year.……
Tax Politics News International
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