Other Briefings
China to Raise Minimum Wage Levels
BEIJING, Jan. 29 – Local governments will raise minimum wage levels as soon as next month from 10 to 12 percent given the recovering economy and rising inflation. Beginning next month, Jiangsu Province will increase minimum wage levels from RMB850 to RMB960, the same level Shanghai and Hangzhou. Beijing will soon follow suit with a […]
Tax Clearance Requirements when Leaving Hong Kong
HONG KONG, Jan. 28 – For employees chargeable to tax and intending to leave Hong Kong for more than a month, the Inland Revenue Department (IRD) requires at least 1 month notification before departure to settle all tax liabilities. This applies to cases when a taxpayer intends to migrate to another country or to study […]
New China Briefing Books Out Now
Jan. 22 – China Briefing just released two new titles on doing business in the country; expanding the Asia Briefing roster of invaluable resources for both the new and experienced foreign investor. Human Resources in China Due to the rapidly changing nature of the labor market and the laws that govern it in China, it […]
Beijing’s Social Security Online System Available in February
BEIJING, Jan. 22 – The Beijing Municipal Human Resources and Social Security Bureau announced that its social security online system for declaration and inquiry will be up beginning February. This will allow insured units and individuals to log online for social security transactions and other individual information inquiries. These transactions can include adjustments in staff […]
Developers Required to Register Idle Land by March 22
SHANGHAI, Jan. 21 – The Shanghai Urban Planning, Land and Resources Administration Bureau is requiring real estate developers to register all idle land by March 22. Delayed construction projects or land left idle a year after purchase must be registered as well as approved development projects still pending construction. Real estate companies that do not […]
Hong Kong Adjusts Interest on Tax Reserve Certificates
HONG KONG, Jan. 19 – The Secretary for Financial Services and the Treasury have approved an adjustment of interest rates on tax reserve certificates. The new annual rate of interest will be 0.0433 percent from 0.0667 percent starting January 4. The interest will be credited when the certificates are used to pay tax and no […]
Guangdong Extends Tax Declaration Deadlines
GUANGZHOU, Jan. 19 – Guangdong authorities have issued a new circular extending the deadlines for local taxation declarations on six public holidays. Extended tax declaration deadlines will apply to the New Year, Spring Festival, Qingming Festival, International Labor Day, Dragon Boat Festival and National Day holidays.
Latest China Census to Include Expats
SHANGHAI, Jan. 18 – For the first time ever, foreigners including those from Hong Kong, Macau and Taiwan will be accounted for by China’s national population census beginning November 1 in Shanghai. Census workers will scour the city and collect information on the age, nationality, level of education, profession and population migration of foreign residents. […]
