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China's IIT preferential policy allowing some non-taxable fringe benefits for expatriates is extended till the end of 2023; it was set to expire in 2022.
How Can Foreigners Enter China Under the COVID-19 Travel Restrictions? How Can Foreigners Enter China Under the COVID-19 Travel Restrictions? April 19, 2021 Posted by China Briefing Reading Time: 8 minutes Written by Monica Li, Business Advisory, Dezan Shira & Associates’ Beijing Office It has been more than a year since China closed its borders to foreign visitors on March 28, 2020. Since then, the detailed entry policies have been changed from time to time as the epidemic prevention and control status continues to vary both locally and abroad. In such a scenario, it is ...
Some Tax-Exempt Benefits for Expats in China to Expire Next Year: Prepare for Possible Transition Some Tax-Exempt Benefits for Expats in China to Expire Next Year: Prepare for Possible Transition April 14, 2021 Posted by China Briefing Reading Time: 6 minutes However, due to the implementation of the Amended PRC Individual Income Tax (IIT) Law and relevant regulations from January 2019, certain non-taxable benefits-in-kind will be replaced by additional itemized deductions for some expatriates, while other non-taxable benefits-in-kind might cease to be exempt from IIT from...