Forums > Living in Kunming > Proposed IIT Reform Just published on SCMP titled: "China’s expat tax system: who pays and how does it work?"
- "Recent plans by Beijing to reform tax exemptions on expatriate employee allowances have thrown the spotlight on China’s tax regime for foreigners"
Link:
www.scmp.com/[...]
"Who needs to pay individual income tax in China?
Chinese law stipulates that individuals who are domiciled in the mainland, or live in the country for a total of 183 days in a tax year, will be categorised as tax residents. However, only after staying in the country for six straight years, without exiting for more than 30 days, will global income be taxed.
Non-residents pay taxes only on the income earned in China.
What kind of income is taxed in China?
The IIT levy is applicable to people earning wages, salaries, pay for authors or personal services, plus income from royalties, business operations, interest, dividends and bonuses. Revenue from property leasing or transactions, as well as contingent income, is also taxed."
7-tier individual income tax rate bracket chart and municipal level tax break info for expats also mentioned in the above article published one hour ago.
"... amid pressure from foreign businesses, the Ministry of Finance and the State Taxation Administration announced in late December the tax breaks will be extended for two more years.
Meanwhile, year-end bonuses will not be included solely in the month they are offered, but split evenly across 12 months, before 2024. Equity incentives offered by listed companies will be taxed separately until the end of this year."
More details in the piece. I'm not going to copy and paste the whole thing.
China-Laos railway now connecting cities of Kunming and Vientiane
Posted byThe Wall Street Journal currently features the China-Laos Railway on its front page in a special video report:
www.wsj.com/[...]
This WJS report reveals China's BRI plan to connect SE Asia via this railway. Journalists Nikki Walker and Todd Holmes obviously didn't travel to the border SEZ themselves. This area has been a ghost town with stalled development projects for several years, but may slowly pickup in the future if one is cautiously optimistic.
Four Days in China's Spring City – Rediscovering Kunming
Posted by... aka "clock-in"
Actual Himalayan mountain range can be seen in Northwestern Yunnan in volcanic, natural hot-spring cities such as Tengchong. Despite being tail-end, they are still massive.
Four Days in China's Spring City – Rediscovering Kunming
Posted byNice to see the return of travel blog pieces on this site.
Moon and Chalice boutique hotel has turned into a must-visit "打卡" (punch-in time slot) destination for selfie taking tourists who come to Kunming in the past couple of years.
Snapshot: Dali's San Yue Jie
Posted byHigh speed rail tickets from Dali to Lijiang are back online.
Snapshot: Dali's San Yue Jie
Posted byAfter years of closure due to covid, one of Dali's biggest san yue jie festival is officially back in full force, from May 4 and ending May 10. Highest local officials have attended the festivities.
For those travelling by train to Dali, the Dali station is under complete renovations. No. 8 bus (3 yuan) to old town is across the street.
Hai dong train station (aka North Station) will be built in five years and slated to be the biggest train station in Dali.