Other Briefings
Beijing Municipal Gov’t Clarifies Housing Loan Procedures
Jul. 20 – Beijing municipal government recently clarified the standard procedures in commercial loans to individual house buyers looking for a second house. Jingjianfa [2010] No. 406, issued on July 15, stipulates that borrowers apply for housing loans should fill out the “family has separated flat declaratory form” to declare their housing situation. The commercial […]
Gov’t Wants Censor Software on All PCs Sold in China
Jun. 8 – Beijing is planning to require that all personal computers sold in the country starting July 1 include preloaded software that blocks access to websites deemed inappropriate by censors. The software whose name translates to “Green Dam-Youth Escort” in English would connect PCs with a database of banned sites then block access to […]
Salary Structuring and Payment of Employees in China
By Adam Livermore June 9 – Foreign investors in China have become more ambitious over the years in terms of the kind of projects they are carrying out. We are seeing a gradual shift from low-value added manufacturing enterprises to high-value technology and service operations. One of the main challenges investors have to adapt to […]
Filing annual individual income tax returns in China
By Smile Yu/Dezan Shira & Associates BEIJING, Jan. 2 – Early in 2008, expatriate employees in China with annual incomes in excess of RMB120,000 (about US$16,200) should complete an annual self-declaration to be submitted by the end of March – at the latest – for their income earned in the 2007 tax year. This annual […]
New IIT systems for expatriates come online in Shenzhen
By Eugenia Wu/Dezan Shira & Associates SHENZHEN, Sept.28 -The Shenzhen tax bureau has changed its IIT declaration systems for companies with high payments. The two new systems – IIT withholding and Yi Cai Shui (easy tax) – came into effect in July, 2007. The Yi Cai Shui system transmits data from IIT withholding to the […]
‘Software’ and intangibles still a problem for Beijing Olympics
Commentary: Chris Devonshire-Ellis With the Central Government and IOC in Beijing this week to mark the one year countdown before the start of the Olympics, problems are starting to surface concerning a variety of issues over the events, and in particular the ‘soft’ issues that are so important in making a success of the Games. […]
