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CONVINUS Global Mobility Solutions - Newsletter 3.2020_english

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Newsletter 3 / 2020 7 Step III and IV will be completed once in China, and an expat Social Welfare plays another factor in the salary, which may will have to have these documents: change according to where the expat is being relocated, however, all cities and regions offer the same social welfare Original passports with at least 6 months of validity until benefits and coverage. The breakdown of social welfare in the the expiry date; main cities are as follows: Accommodation registration form Foreign work permit card Applicants are generally required to have a physical checkup in the city’s health care centre where the expats works, however, this depends on the information the previous health check report provides. What are Categories In China expats are categorised according to their skills and Non China Sourced Income and the Six-Year Rule expertise, only about 16% of expats are of category A which is For expats who receive earnings not sourced from China, they the most prestigious category as the individuals of this won't need to declare or pay taxes in China as long as they do category are considered essential to China’s interests and not remain domiciled in China for longer than six years. In development. Most expats are category B and C, which will be China, an expat becomes a domicile if they work in China for processed normally and have not unique benefits. longer than 183 days in one year. It is possible to reset the Six- Year rule by leaving China for 30 full days at any point in their Labour Contract and Tax Planning six years stay in China. This resets the following year to year Before the visa process it is important to negotiate with the one of six. Once an expat becomes domicile then they are employer regarding a contract, as the hiring company will subject to worldwide tax as long as they are residents in China need to provide a confirmation letter in Chinese to submit to during a tax year. Resetting after this can be done by not the authorities which will include the expat’s working location, being resident in a year. job description, salary, contract period, and job title, stamped with company’s official seal and signed by the expat. It is also a How can LehmanBrown Help? requirement under Labor Law. If you are an expat about to relocate to China and would like to When negotiating the details of the contract, expats need to find out how best to prepare contractually and financially, it is know about the many fringe benefits which can significantly recommended to call ahead of the arrival and talk with a improve an expat’s monthly tax home income. Most common professional. LehmanBrown’s professionals can guide expats fringe benefits are here listed: through every step of the visa acquisition process and provide tax plans which can maximise income and benefits: Housing Allowance Children’s education allowance Home leave allowance Laundry allowance Meal allowance Language Education Allowance Individual Tax and Social Welfare Expats should consider doing some tax planning before entering China as there was a new Individual Income Tax (IIT) law that become effective in 2019.

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