China has seen dramatic changes in Tax policy over the last three decades. Tax rates have been gradually reduced, and Tax burden on individuals has also been eased significantly. With these Tax reforms, China is now one of the most Tax-friendly countries in Asia. This article will discuss 10 things you need to know before starting your Tax filing process!
The tax filing process is complicated
Tax filling China requires specific requirements for foreign employees
Tax returns must be filed before a deadline of December 31st every year. This can be done on the official website, which you should register first to file your Tax return online. The site will also provide English guidance on how to complete Tax filing
Tax returns must be filed every year, even if you are not living in China. This is because Tax authorities require all Chinese residents to file Tax returns regardless of their location
Expatriates working for foreign companies on assignment can avoid Tax by submitting Tax exemption application at the beginning of the year before starting work. The company Tax department will help you with the tax exemption application
Tax filing is a simple process. You can finish Tax return in under 30 minutes, and knowing the following information before starting Tax filing would be helpful
A tax identification number (TIN) is required to file a Tax return online. Foreigners need to apply for TIN at Tax authority
Tax Services in China return can be filed in English or Chinese, but Tax filing companies are available for foreigner Tax filers who need help with Tax filling China. These Tax filing companies will complete your Tax filing process on your behalf
If you live and work across borders, the number of allowances may change depending on country of origin. Tax filing companies will take care of Tax filing for you
A tax refund can be claimed online, but Tax refunds are usually paid through bank transfer or cheque. Expatriates who do not have a Chinese bank account need to open one before claiming their Tax refund
The tax rate in China is around 33%, which falls within global average. Tax burden in China is also much lower than in other Tax-friendly countries, such as Singapore and the United States
Tax filing should be completed before December 31st to avoid Tax penalty. Expatriates are required to file Tax return for every year that they have stayed in China regardless of income earned or length of stay. The only exception would be Tax exemption application submitted at the beginning of a year
Tax filing for China can be completed online on Tax authority website. Tax returns are filed with Tax identification number, which every foreigner working in China is required to apply for before starting work
Expatriates who have worked continuously in China throughout the year do not need to file tax return separately for each month, Tax filing can be completed in one go on Tax authority website. Tax filing company is also available if needed
A tax return can be filed even after Tax deadline has passed without any penalty. Expatriates who have not started their Tax filing process will need to pay late fee though when they do file their Tax return
Tax filing is only required for income earned in China. Expatriates are not Taxed on their global income, but Tax return must be filed every year regardless of where the expat lives
Tax filling China requires specific requirements for foreign employees to avoid Tax penalty and ensure efficiency. Tax authority website provides English guidance on how to complete Tax filing. Tax return can be filed even after Tax deadlines have passed without any penalty, but Tax refund will need to wait for one year until Tax waiver expires. Expatriates are required to file Tax return every year regardless of where they live in the world with exception of Tax exemption application submitted at beginning of a new tax year.
Tax filling China is a simple Tax filing process, but Tax return can be filed even after Tax deadlines have passed without any penalty. Expatriates are required to file Tax return every year regardless of where they live in the world with exception of Tax exemption application submitted at beginning of a new tax year.
Tax filling China requires specific requirements for foreign employees to avoid Tax penalty and ensure efficiency. Tax authority website provides English guidance on how to complete Tax filing. Tax return can be filed even after Tax deadlines have passed without any penalty, but Tax refund will need to wait for one year until Tax waiver expires. Expatriates are required to file Tax return every year regardless of where they live in the world with exception of Tax exemption application submitted at beginning of a new tax year.
Tax filling China is only required for income earned in China, Tax return must be filed every year regardless of where the ex-pat lives. Tax authority website provides English guidance on how to complete Tax filing and Tax refund can even be claimed online if eligible. Expatriates are not Taxed on their global income, Tax return must be filed every year with exception of Tax exemption application submitted at beginning of a new tax year.
The Tax filing process for China is simple and Tax refund can even be claimed online if eligible. Expatriates are not Taxed on their global income,
