The increasing number of expatriates in China, relatively high marginal tax rates, increasing corporate governance and closer scrutiny by the tax authorities are converging factors leading to greater demand for tax planning for expatriates. This book will outline the basics of PRC individual income tax regulations, with examples, a wide range of tax planning opportunities that may be applicable to the readers, or to the reader’s foreign employees.
For employees that pay their taxes themselves, there is even greater interest in tax planning. With the current top tax rate for individuals remaining at a relatively high 45%.Individuals income taxes, often paid by the employees of expatriates, are certainly a large portion of the cost of the employing foreigners in China. This has resulted in great interest in legitimate tax planning strategies.
Tax Planning for Expatriates in China provides comprehensive, easy-to-follow and practical information on tax planning for expatriates in China. In the second edition of this highly acclaimed title, rules and pertinent issues for general tax planning, calculation of taxable income, the basis of tax liability, income tax incentives, application of tax treaties and methods to eliminate double taxation for expatriates are closely examined in light of the changes in the regulations on individual income tax since 2003, with useful summary tables and forms included for easy reference. Recommendations and calculations of tax-efficient expatriate compensation packages are also provided, accompanied by illustrative examples. Written by tax experts from Deloitte, this book is an indispensable guide for human resource, tax and finance professionals of multinational corporations and foreign invested enterprises, and individuals assigned to work in China.
Key Benefits
- Detailed and systematic analysis on tax planning by a panel of experts provides reader-friendly and practical reference for practical use.
- Written with illustration examples for easy understanding.
Key Features
- Written in a plain and straightforward manner for easy understanding, the content are well organized and structured clearly
- Well-structured index
- Bilingual legislation attached
