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Forums > Living in Kunming > Proposed IIT Reform

Hope this is helpful, a pdf doc on deductions included in the IIT reform law:

Special Additional Deductions for Individual Income Tax Reform in the PRC

According to the newly revised individual income tax law, for the calculation of taxable income of individual income in the future, besides the RMB5,000 tax exemption allowance and the special deduction such as "five insurances and one fund", six special additional deductions will be added, such as children's education, continuing education, medical treatment for serious diseases, housing loan interest, housing rent and expenditure for elderly dependents.

www.lehmanbrown.com/[...]

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Forums > Living in Kunming > Proposed IIT Reform

KPMG is one of the Big Four auditors, along with Deloitte, Ernst & Young (EY), and PricewaterhouseCoopers (PwC).

Seated in the Netherlands, KPMG employs 189,000 people. The name "KPMG" stands for "Klynveld Peat Marwick Goerdeler."

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Forums > Living in Kunming > Proposed IIT Reform

Be aware China and the US share tax information, an "​Agreement in Substance​" using the FATCA (US law) protocol. Sharing your US SSN with China would facilitate US-China cooperation.

List of countries sharing tax info with the US:

www.treasury.gov/[...]

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Many years ago in Beijing on a very cold and windy winter day, I had to go to 中关村 (zhongguancun) to buy some camera stuff to take on Spring Festival. Walking out of the campus I ran into a student who was going there as well so I invited him to join me in the taxi ride. For some reason we could not get closer than 3-4 blocks to destination and were left with a walk facing North into the biting wind. No problem as my student turned guide and led me into a building and down stairs deep underground. We walked through huge underground rooms with high ceilings. I was amazed so the student took me down another level as we walked North,

My guess, after checking a map, was the we walked about 700 meters and the voids were about 80-100 meters wide. My guide told me this was a bomb shelter.

A few years later, these spaces were, in true Chinese style, were bustling with businesses. All partitions and fixtures were movable and temporary so it wouldn't take but minutes to restore most of the empty space. In some areas, escalators descended and rose and it seemed as if the buildings above expanded downward. In other areas, the huge void spaces remained empty.

Clearly a plan was in effect. I have no idea what it was and I had no interest in asking questions.

@bilingualexpat Thanks. My first trip into China was in 1984. Didn't get to Kunming in those days and probably wasn't allowed to go. Today's Chinese kids should see these photos. I am fortunate to have witnessed China's progress over 30 years.

Reviews

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Good for quality, but pricey, hand tools.

Be aware they will push whatever they are selling. Some of the staff have no idea about the technical side of appliances.

I went there to buy a stove. I repeatedly told them I would be using bottled gas. They sold me a stove. When I went to my local gas guy, I learned there are at least three kinds of gas sold. Luckily, B&Q did not deliver as promised. I went back to the store and discovered they had sold me a stove they needed to be hooked up to the gas main. I got my money back.

The sales lady was almost in tears, 没有问题!I don't know if it a safety or design issue, but I would think B&Q would know and care.

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Last week had an 8:45am flight.

Subway starts at 9am. I have no idea where to catch an airport express bus. Eight taxis refused to go to the airport. After almost an hour standing on Beijing Lu took a black taxi, this dude drives slower than my mother, 120 yuan.

Flight back was delayed so I learned the subway stops running at 6:10pm.

Getting a taxi back was easy, more taxis than customers. Taxi was 87 yuan including 1o yuan toll, airport to Beichen area. Yes, he took a longer route than necessary.

Kunming imagines being a gateway for international travelers. New airport but hard to get to and from it.

World Class Airport, NOT!

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Tonight "Peacock", a performance by Yang Liping (杨丽萍), to begin her world tour, 8pm, 100-1680 yuan at Yunna Haigeng Auditorium.

Saw this lady perform at the Pasadena Civic Auditorium, in California, in 1995. Quite a good and interesting show.

I'm going to try to make it.

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Not so good. Kimchi had a very sour taste. Other food was nothing to brag about. I don't think I would go back.