The United States and China—the world’s two largest economies—agreed at the 2013 Strategic and Economic Dialogue to restart negotiations on a bilateral investment treaty (BIT). Here’s what you need to know.
When determining bonuses, it is critical that employers pay close attention to the calculation of individual income tax (IIT), as this can considerably diminish employee take-home pay. In part two of this two-part article, we discuss how to calculate IIT for foreign employees, as well as provide tax planning advice for employers.
Foreign-invested enterprises (FIEs) that thrive in the world’s second largest economy are those that can stay abreast of China’s ever changing tax and regulatory environment. For the savvy business owner, this can even mean relocating to a new premises to secure long-term gains.
The benefits of the Shanghai Free Trade Zone (FTZ) for the logistics industry have the potential to affect all businesses that rely on moving goods to or from China. In addition to its measures for the financial industry, the FTZ is an important centerpiece in transforming Shanghai into a regional logistics hub.
Several major cities in Guangdong, including Shenzhen, Dongguan and Guangzhou, recently released details on their average wages in 2013, which are used as the base figures to calculate the minimum and maximum contributions to social insurance and housing funds for employees.