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Check out Your Individual Income Tax Status in ChinaAll expats working or doing business in China must be careful with your tax issues now, ask yourselves the following questions or check with your accountant or tax attorney about your tax status in China: 1.Am I a tax payer? Expats who have resided in China for 183 days or more cumulatively within a tax year, shall be deemed as resident individuals, all income from China and overseas shall be subject to individual income tax. For expats who have resided in China for less than 183 days cumulatively within a tax year, shall be deemed as non-resident individuals, only income from China shall be subject to individual income tax. 2. What are taxable income?According to the updated IIT law, the following categories are all taxable income:1. Comprehensive income, including: wages and salaries, remuneration for personal services, revenue for manuscripts and Royalties; 2. Business operation income; 3. Interest, dividends and bonuses; 4. Income from lease of property; 5. Income from transfer of property; 6. Contingent income Also, please remember as long as the income is from China, even the location of payment is outside of China, the income is subject to China IIT law. If you need further assistance, you can contact us via marketing@gomaxgroup.com, or you can book the 30min. Free consultation call from https://calendly.com/julieyu-gomax/ |