Why HR Should Care about VPN Use in China

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By Alexander Chipman Koty

The “Great Firewall”, the popular term for China’s Internet restrictions, blocks access to a large swathe of the internet, including Google, Facebook, YouTube, Twitter, and many other overseas news outlets and social media platforms. Internet users in mainland China can bypass the Great Firewall by using VPNs, which reroute internet activity through servers based in another location.

For many companies and individuals in China, VPNs are necessary to perform a number of basic tasks, from sending emails via a Gmail account to sharing resources through cloud platforms like Dropbox and even GitHub. For some companies, the ability to use a VPN enables them to carry out their core functions, such as desktop research and digital marketing.

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Tax, Accounting and Audit in China 2018 – New Publication from China Briefing

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Tax-Accounting-Audit-China-2018Tax, Accounting and Audit in China 2018, the latest publication from China Briefing and Dezan Shira & Associates, is out now and available for download through the Asia Briefing Publication Store.

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CIT Deductions in China: Tax Department Clarifies Documents Required

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China-Regulatory-Brief

 

Last week, China’s State Administration of Taxation (SAT) released measures clarifying what documents are needed for corporate income tax (CIT) deductions.

SAT Announcement [2018] No. 28, which will go into effect on July 1, 2018, states the specific instances where taxpayers may not require fapiao – Chinese invoices – in support of CIT deductions.

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Incentives in Thailand, World Cup in India, Waste-to-Energy in Vietnam – Asia Investment Brief

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Asia Investment Brief banner Our weekly round up of other news affecting foreign investors throughout Asia:

ASEAN BRIEFING

Investing in Thailand: Tax and Non-Tax Incentives

Thailand’s Board of Investment (BOI) offers a range of tax and non-tax incentives to foreign companies making investments in the country. In this article, we discuss the various tax and non-tax incentives on offer for foreign investors in Thailand.

INDIA BRIEFING

India’s World Cup Fever, New Sports Leagues Open Market Wide for Business

The 2018 FIFA World Cup, one of the biggest events on the sporting calendar, begins today. Despite the Indian team repeatedly not qualifying for the tournament, it is expected to have a viewership of over 100 million fans in India.

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Fraud in China: Where is Your Company Losing Money?

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By Thibaut Minot

Foreign businesses in China are less likely to disregard fraud than in the past. The speed of economic growth in the country detracted attention from cost savings; a more competitive market now means businesses need to build stronger anti-fraud programs to protect margins and improve efficiency.

But preventing and detecting fraud is not getting any easier. The pace of regulatory reform and grey legal areas these reforms can create make a space where businesses can begin operating in the halfway between right and wrong.

Overseas stakeholders are already handicapped in this environment due to geographic distance, which limits their visibility on their China operation. But their risks are exacerbated by the increased capability of local enforcement agencies, which have considerable leeway in interpreting new national measures.

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How to Transfer a Work Permit to a New Employer in China

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By Hugo Butcher Piat

For foreigners working in China, the work permit is a crucial document that must be attained prior to commencing work. The work permit is tied to your employer, which means that when changing jobs, the work permit must also be transferred to the new employer.

Transferring an existing work permit from one employer to another usually takes around 4-6 weeks, though some applications may take up to 12 weeks to complete. Because the application process can be lengthy, it is best to be prepared for what lays ahead at each stage of the process.

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The Mental Healthcare Industry in China

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By I-Ting Shelly Lin

China is in the throes of a mental health crisis, with millions suffering from untreated mental illnesses and psychiatric disorders.

In 2017, 54 million Chinese suffered from depression, representing 4.2 percent of the country’s population, according to the World Health Organization (WHO).

Furthermore, in 2012, the renowned medical journal The Lancet reported that approximately 173 million Chinese were estimated to have diagnosable mental illnesses or psychiatric disorders. Of these, only 15 million sought treatment.

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Social Security in China: Exemptions for Some Foreigners

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By Gidon Gautel 

Social insurance exemption for foreigners can be a valuable asset for employers and foreign employees to save on unnecessary costs. However, many companies hiring eligible employees are not aware of the benefits available to them, while those who do are often unsure as to how to go about applying.

China’s social security system consists of five different types of insurance, plus one mandatory housing fund. The five “insurances” are pension, medical, work-related injury, unemployment, and maternity insurances, while housing fund contributions are included because the costs come from both the employer and the employee.

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Meet the firm behind our content. Dezan Shira & Associates have been servicing foreign investors in China, India and the ASEAN region since 1992. Click here to visit their professional services website and discover how they can help your business succeed in Asia.

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