China has extended its preferential individual income tax policy for foreign professionals living and working in China until 31 December 2027 (previously set to end on 31 December 2023) The extension of the individual income tax (IIT) preferential policies means that non-China domiciled tax residents (i.e., people who do not have a domicile in China but live for 183 days or more in China in a given tax year) can… …
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income tax
Chinese tax authorities have vowed to crack down on tax evasion by celebrities and online influencers such as Fan Bingbing and Viya, but they’re also keen to reduce taxes and fees for businesses and SMEs, writes Torsten Weller One of the most visible expressions of China’s new ‘Common Prosperity’ policy has been the stricter enforcement of individual income tax violations. In December 2021, Chinese tax authorities fined live-streamer Huang Wei… …