You have no items in your shopping cart.

Individual Income Tax Planning for Expatriates in China, 6th Edition

Individual Income Tax Planning for Expatriates in China, 6th Edition

  • Author:
  • Publisher: Wolters Kluwer (HK) (formerly CCH)
  • ISBN: 9789887741350
  • Published In: November 2017
  • Format: Paperback , 588 pages
  • Jurisdiction: China ? Disclaimer:
    Countri(es) stated herein are used as reference only

List Price: HKD 1,280.00

HKD 1,203.20 Save HKD 76.80 (6%)

Delivery Time: around 1 week
Extra 2-10 working days working days if shipping address outside Hong Kong
Free delivery HK & China?
Hong Kong: free delivery (order over HKD 500)
China: free delivery (order over RMB 500)
OR
  • Description 
  • Contents 
  • Author 
  • Details

    The surging number of expatriates in China coupled with relatively high marginal tax rates, increasing corporate governance and closer scrutiny by the tax authorities are factors leading to greater demand for tax planning for expatriates for their assignment in China.

    Since the last edition of Tax Planning for Expatriates in China, the Chinese authorities have issued further circulars clarifying tax issues in practice. All these point to a wide range of tax planning opportunities from an Individual Income Tax’s perspective.

    Written by Deloitte Touche Tohmatsu, this comprehensive and fully updated guide is designed for multinational companies and foreign investment enterprises to management their employees on China assignment. It comes complete with illustrative examples with useful summary tables and forms for easy reference.

  • PART I — INDIVIDUAL INCOME TAX

    Chapter 1 Overview......................................................................p 3

    • The Individual Income Tax Law........................................¶1-001
    • Historical background........................................................¶1-002
    • Present legal framework....................................................¶1-003
    • Further reforms proposed...................................................¶1-004

    Chapter 2 Liability to Tax.............................................................p 7

    • Basis of tax liability ..........................................................¶2-001
    • Individuals domiciled in China..........................................¶2-002
    • Expatriates living in China (one full year..........................¶2-003
    • Expatriates living in China for more than 90 days
    • but less than one year...................................................¶2-004
    • Temporary visitors (90 days or less...................................¶2-005
    • Expatriate directors and senior managers .........................¶2-006
    • Calculating length of stay in China....................................¶2-007

    Chapter 3 Taxable Income and Deductions .............................p 21

    • Taxable income..................................................................¶3-001
    • China-sourced income ......................................................¶3-002
    • Employment income (wages and salaries).........................¶3-003
    • Stock options.....................................................................¶3-004
    • Insurance and social security benefits for expatriates........¶3-005
    • Production and business income........................................¶3-006
    • Contracting or leasing operations income.........................¶3-007
    • Personal service income.....................................................¶3-008
    • Partnership and sole-proprietorship income .....................¶3-009
    • Remuneration for manuscripts and artistic works.............¶3-010
    • Royalty income .................................................................¶3-011
    • Interest income, equity dividends and principal share dividends ............................................................¶3-012
    • Property leasing income ....................................................¶3-013
    • Assignment of property income ........................................¶3-014
    • Contingency income..........................................................¶3-015
    • Other unclassified income .................................................¶3-016
    • Deduction for donations ....................................................¶3-017

    Chapter 4 Exemptions and Reductions ....................................p 47

    • Exemptions........................................................................¶4-001
    • Housing fund contributions, medical insurance and pension contributions for local staff.............................¶4-002
    • PRC Social Insurances for foreigners legally working in China .......................................................................¶4-003 
    • Overseas Insurance and social security benefits provided to expatriates ................................................¶4-004
    • Employment benefits received by foreigners.....................¶4-005
    • Income derived by foreign experts working under development or exchange programmes........................¶4-006
    • Dividend income received by foreigners...........................¶4-007
    • Income derived from transfer of family living quarters ........................................................................¶4-008
    • Income derived from share transfers ................................¶4-009
    • Interest derived from saving in Chinese domestic banks............................................................................¶4-010
    • Monetary awards ...............................................................¶4-011
    • Withholding tax service fee...............................................¶4-012
    • Reductions ........................................................................¶4-013

    Chapter 5 Tax Calculation .........................................................p 55

    • General rules......................................................................¶5-001
    • Tax on wages and salaries .................................................¶5-002
    • Calculation of tax where tax liability is borne by employer ......................................................................¶5-003
    • Time apportionment of an expatriate’s wages...................¶5-004
    • Calculation of tax on less than one month’s wages or daily wages ..................................................................¶5-005
    • Calculation of tax on annual bonuses ...............................¶5-006
    • Calculation of tax on stock options....................................¶5-007
    • Taxation of Stock Appreciation Rights and Restricted Stock ............................................................................¶5-008
    • Tax on production and business income ...........................¶5-009
    • Tax on income from contracting or leasing operations.....................................................................¶5-010
    • Tax on income from personal services .............................¶5-011
    • Tax on remuneration for manuscripts ...............................¶5-012
    • Tax on royalties and income from leasing property .........¶5-013
    • Tax on income from assignment of property.....................¶5-014
    • Tax on interest, dividends and other portfolio income .....¶5-015
    • Tax on non-monetary assets...............................................¶5-016
    • Tax credits..........................................................................¶5-017

    Chapter 6 Tax Registration, Account Books and Vouchers ................................................................................p 87

    • Tax registration .................................................................¶6-001
    • Account books and vouchers ............................................¶6-002

    Chapter 7 Tax Returns and Payment of Tax ............................p 91

    • Deemed “withholding agents” ..........................................¶7-001
    • Obligation to withhold tax ................................................¶7-002
    • Withholding agents’ administrative obligations ...............¶7-003
    • Self-reporting by taxpayers................................................¶7-004
    • Tax returns required to be filed and samples of official invoice (“fapiao”)............................................¶7-005
    • Practical guide to completing returns................................¶7-006
    • How to lodge a return........................................................¶7-007
    • Time limits for returns and tax payments .........................¶7-008
    • Settlement of tax upon departure from China....................¶7-009
    • Tax refund..........................................................................¶7-010
    • Tax undercharged...............................................................¶7-011
    • Tax certificate ....................................................................¶7-012

    Chapter 8 Investigations, Disputes and Penalties ..................p 105

    • Investigations ....................................................................¶8-001
    • Dispute over payment of tax .............................................¶8-002
    • Dispute over penalty or enforcement measures.................¶8-003
    • Penalties generally.............................................................¶8-004
    • Default by taxpayer in compliance matters ......................¶8-005
    • Default by withholding agent in compliance matters........¶8-006
    • Tax evasion........................................................................¶8-007
    • Tax evasion penalties ........................................................¶8-008
    • Punishment for tax officials ..............................................¶8-009
    • Refusing to pay tax using violence or threats....................¶8-010
    • Recovery of unpaid tax......................................................¶8-011

    PART II — TAX TREATIES

    Chapter 9 Tax Treaties ..............................................................p 115

    • Overview ...........................................................................¶9-001
    • Structure of tax treaties......................................................¶9-002
    • China’s tax treaties ............................................................¶9-003

    Chapter 10 General Application of Treaties............................p 119

    • Persons eligible for treaty benefits ..................................¶10-001
    • Taxes covered..................................................................¶10-002
    • Territorial scope ..............................................................¶10-003
    • Entry into force and termination .....................................¶10-004
    • Treaty interpretation ........................................................¶10-005
    • Non-discrimination..........................................................¶10-006
    • Mutual agreement procedure and exchange of information ................................................................¶10-007

    Chapter 11 Taxation of Individuals.........................................p 131

    • Income from dependent personal services ......................¶11-001
    • Income from independent personal services ...................¶11-002
    • Directors’ fees .................................................................¶11-003
    • Entertainers’ and athletes’ income ..................................¶11-004
    • Pensions...........................................................................¶11-005
    • Remuneration and pensions for Government service......¶11-006
    • Business apprentices’ and trainees’ income ....................¶11-007
    • Diplomatic agents’ and consular officers’ income ..........¶11-008
    • Teachers’ and researchers’ income ..................................¶11-009
    • Definition of “permanent establishment” .......................¶11-010
    • Property income and capital gains ..................................¶11-011

    Chapter 12 Dividends, Interest and Royalties........................p 153

    • Payments to non-residents subject to
    • withholding tax..........................................................¶12-001
    • Dividends ........................................................................¶12-002
    • Interest.............................................................................¶12-003
    • Royalties .........................................................................¶12-004

    Chapter 13 Elimination of Double Taxation ..........................p 161

    • Methods of eliminating double taxation .........................¶13-001
    • Tax credit method ...........................................................¶13-002
    • Tax exemption method.....................................................¶13-003
    • Elimination of double taxation of dividends, interest and royalties .................................................¶13-004
    • Mainland China/Hong Kong double taxation arrangement ...............................................................¶13-005
    • Mainland China /Macau double taxation arrangement................................................................¶13-006
    • New development in double taxation arrangements with Hong Kong and Macau......................................¶13-007
    • Mainland China / United States double tax treaty...........¶13-008
    • Mainland China / Canada double tax treaty.....................¶13-009
    • Mainland China / Japan double tax treaty.......................¶13-010
    • Mainland China / Korea double tax treaty.......................¶13-011
    • Mainland China / Singapore double tax treaty................¶13-012
    • Mainland China / Australian double tax treaty................¶13-013
    • Mainland China / New Zealand double tax treaty...........¶13-014
    • Mainland China / United Kingdom double tax treaty......¶13-015
    • Taiwan individuals working in Mainland China..............¶13-016

    PART III — TAX PLANNING

    Chapter 14 Tax Planning Overview.........................................p 195

    • Structure of compensation package ................................¶14-001
    • Relocation allowances.....................................................¶14-002
    • Assignment allowances....................................................¶14-003
    • Traditional expatriate package.........................................¶14-004
    • Local plus allowances package (no tax equalisation) .....¶14-005

    PART V — LEGISLATION

    • Legislation in English
    • Legislation in Chinese

    APPENDICES

  • Deloitte enjoys a long history of serving clients with business interests in China. As China continues to adopt open-door policies and encourage international trade and investment, Deloitte will continue its commitment to assisting foreign companies doing business in China, and Chinese companies expanding domestically and globally with its multidisciplinary professional services in the areas of audit, tax, enterprise risk service, consulting and financial advisory.

    Deloitte serves over 800 multinational corporations and Chinese enterprises and their affiliated companies in the Chinese Mainland as well as overseas. Deloitte also serves around one-third of all companies listed on the Stock Exchange of Hong Kong.

    Deloitte was one of the first foreign accounting organisations to establish a presence in China by opening an office in Shanghai in 1917. Since the 1980s, Deloitte has increased its presence and is now one of the leading professional service providers in China.

    The landmark integration of Deloitte China and Deloitte Taiwan, which took effect on 1 June 2012, creates the synergy to enable Deloitte to support our clients even better. Deloitte has a widespread network covering 26 cities in Greater China including Beijing, Hong Kong, Shanghai, Changsha, Taipei, Chengdu, Chongqing, Dalian, Guangzhou, Hangzhou, Harbin, Hsinchu, Hefei, Jinan, Kaohsiung, Macau, Nanjing, Shenyang, Shenzhen, Suzhou, Taichung, Tainan, Tianjin, Ulaanbaantar, Wuhan and Xiamen. In addition, over the next 3 years, Deloitte commits to invest USD160 million in China to further enhance the service capabilities in China. This strategic market plan further demonstrates our unwavering commitment to providing world class professional services for clients in China and beyond.

    Deloitte’s experience in China is extensive and the firm continues to play a significant role in developing the accounting and tax professions in China by assisting the PRC Government in formulating tax policies and accounting standards.

    With the establishment of Deloitte Tax Research Foundation since 2006, the firm is committed to promoting education, research and innovation in the field of taxation by supporting an array of national and local programs, including Deloitte Tax Championship as a key initiative for developing future tax talent in China. In 2011, Shanghai Deloitte Tax Ltd. was established as a certified tax firm by receiving a formal business license from the Chinese authority. It became the first firm in China to incorporate a dedicated tax entity using a Big Four brand and is allowed to undertake the regulated tax certification business.

     

    Since the debut release of the CCH Hong Kong’s Tax Planning for Expatriates in China in 2003, Deloitte has been engaged as the Consultant Author. The publication is intended to outline the basics of PRC individual income tax regulations and practice as it applies to foreigners working in China. For the 2016 edition, Deloitte continues to deploy the most experienced tax professionals to update the publication. While every effort is made to ensure that the information contained in the book is up-to-date, readers are advised to seek professional advice when important tax related business transactions are being undertaken.

You may also be interested in these books:

International Accounting/Financial Reporting Standards Guide (2018)
International Accounting/Financial Reporting Standards Guide (2018)

List Price: HKD 3,330.00

HKD 3,130.20 Save HKD 199.80 (6%)

Essential Guide to China Tax and Customs Law & Practice (Two-volume set)
Essential Guide to China Tax and Customs Law & Practice (Two-volume set)

List Price: HKD 1,080.00

HKD 1,015.20 Save HKD 64.80 (6%)

Hong Kong Taxation and Tax Planning, 16th Edition
Hong Kong Taxation and Tax Planning, 16th Edition
HKD 335.00
KPMG's Insights into IFRS 2017/2018
KPMG's Insights into IFRS 2017/2018

List Price: HKD 1,920.00

HKD 1,804.80 Save HKD 115.20 (6%)

Taxation in Hong Kong: A Practical Guide 2017-2018
Taxation in Hong Kong: A Practical Guide 2017-2018

List Price: HKD 445.00

HKD 418.30 Save HKD 26.70 (6%)

Taiwan Master Tax Guide 2017/2018 (2nd Edition)
Taiwan Master Tax Guide 2017/2018 (2nd Edition)

List Price: HKD 1,250.00

HKD 1,175.00 Save HKD 75.00 (6%)

Global Master Tax and Business Guide (2018)
Global Master Tax and Business Guide (2018)

List Price: HKD 3,700.00

HKD 3,478.00 Save HKD 222.00 (6%)

Hong Kong Master Tax Guide 2017-2018 (26th Edition)
Hong Kong Master Tax Guide 2017-2018 (26th Edition)

List Price: HKD 900.00

HKD 846.00 Save HKD 54.00 (6%)

Individual Income Tax Planning for Expatriates in China, 6th Edition
Individual Income Tax Planning for Expatriates in China, 6th Edition

List Price: HKD 1,280.00

HKD 1,203.20 Save HKD 76.80 (6%)

Deloitte iGAAP 2018: International IFRS Pack
Deloitte iGAAP 2018: International IFRS Pack

List Price: HKD 2,200.00

HKD 2,068.00 Save HKD 132.00 (6%)

PwC Manual of Accounting IFRS 2018 Set
PwC Manual of Accounting IFRS 2018 Set

List Price: HKD 1,860.00

HKD 1,748.40 Save HKD 111.60 (6%)

Ernst & Young's International GAAP 2018
Ernst & Young's International GAAP 2018
HKD 2,250.00
CPA's Guide to Effective Engagement Letters (12th Edition)
CPA's Guide to Effective Engagement Letters (12th Edition)

List Price: HKD 1,860.00

HKD 1,674.00 Save HKD 186.00 (10%)

Hong Kong Company Secretary Checklist
Hong Kong Company Secretary Checklist

List Price: HKD 788.00

HKD 740.72 Save HKD 47.28 (6%)

Compliance and Company Secretarial Practice of Hong Kong Listed Companies
Compliance and Company Secretarial Practice of Hong Kong Listed Companies

List Price: HKD 1,270.00

HKD 1,193.80 Save HKD 76.20 (6%)

Hong Kong Company Secretary's Practice Manual, 3rd Edition
Hong Kong Company Secretary's Practice Manual, 3rd Edition

List Price: HKD 999.00

HKD 939.06 Save HKD 59.94 (6%)

Concise Guide: Compliance and Company Secretarial Practice of Hong Kong Private Companies
Concise Guide: Compliance and Company Secretarial Practice of Hong Kong Private Companies

List Price: HKD 2,388.00

HKD 2,244.72 Save HKD 143.28 (6%)

Hong Kong Master GAAP Guide, 14th Edition
Hong Kong Master GAAP Guide, 14th Edition

List Price: HKD 980.00

HKD 921.20 Save HKD 58.80 (6%)

International Taxation: Law and Practice in Hong Kong and China
International Taxation: Law and Practice in Hong Kong and China

List Price: HKD 980.00

HKD 921.20 Save HKD 58.80 (6%)

CPA's Guide to Management Letter Comments (2018)
CPA's Guide to Management Letter Comments (2018)

List Price: HKD 3,330.00

HKD 2,997.00 Save HKD 333.00 (10%)