Tag: Work-Related Injury Insurance

China Clarifies Individual Income Tax for Work-Related Injury Compensation

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May 31 – In order to fully implement the “Regulation on Work-Related Injury Insurances (Order of the State Council No.586, hereinafter referred as the ‘Regulation’),” the Chinese government issued the “Notice on Issues Regarding Individual Income Tax for Compensations of Work-Related Injury Insurances (caishui [2012] No.40, hereinafter referred as the ‘Notice’)” on May 3, 2012 in accordance with the income tax exempt items in Article 4 of Individual Income Tax Law of the People’s Republic of China. Continue reading…

Suzhou Details Foreigners’ Mandatory Social Insurance Participation

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Mar. 6 – Following the promulgation of a national decree ordering foreign employees’ mandatory participation in China’s social insurance system in September, 2011, Suzhou issued new documentation earlier this year to ensure the enforcement of this new policy citywide.

On January 18, 2012, the Ministry of Human Resources and Social Security of Suzhou announced the “Circular on Improving Foreign Employees’ Participation in Social Insurance Program in Suzhou (surenbaogui [2012] No.1),” detailing specific measures regarding foreigners’ participation in the city’s social insurance system. Continue reading…

Asia Briefing Bookstore Catalogue 2013