China Briefing Magazin's latest issue focuses on personal income tax for expatriates in China and the process of applying for work visas. The article addresses common misunderstandings surrounding the yearly tax declaration due by March 31st, and the requirements for new arrivals to register with tax authorities and apply for work visas. It also highlights recent changes in visa regulations and procedures in China.
Key points include:
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Personal Income Tax for Expatriates: The Chinese tax system is complex and frequently changing. Currently, there are no expected changes impacting expatriates. However, the government may publish new implementation guidelines around February or early March, making adjustments possible.
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Work Visa Application: New expatriates need to register with tax authorities, apply for work visas, and obtain residence permits. If they worked in China in 2008, they must submit additional annual income tax declarations alongside monthly declarations. Failure to do so could lead to penalties.
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Tax Obligations for Business Owners: Representatives and managers are taxable from their first day in China. If they are outside the country but still hold a position, they must report monthly that no tax liability has occurred. Representatives who enter China are liable for taxes during their stay.
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General Tax Liability: Senior managers of Chinese companies, wholly foreign-owned enterprises (WFOEs), joint ventures, and other employees become liable for income tax after spending 183 days (or 90 days in countries without a double taxation agreement) in China.
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Businesses within and outside China: Foreigners operating businesses in or out of China should be aware of their tax responsibilities under Chinese law.
The magazine provides guidance and information through its articles written and researched by Dezan Shira & Associates, a company specializing in direct investment and tax consultancy in China. It also offers access to its archives, subscription services, and resources in multiple languages.
The magazine is available in English, French, German, Italian, and Spanish, and can be accessed at www.china-briefing.com. It offers free subscriptions and practical advice for businesses in China, India, and Vietnam. The magazine is updated monthly, providing insights into current issues affecting businesses in these regions.
The magazine's content is owned by Asia Briefing Media Ltd., and reproductions, copies, or translations of its materials require prior permission from the publisher.
The cover art features an oil painting by Mandi Cao, a Chinese-Australian artist known for her works that reflect the essence and wisdom of Chinese art. The gallery, FELLINI, specializes in contemporary art, sculpture, and photography by Chinese and international artists.
