Social Security for Foreigners in Shanghai
China’s social security system is a complicated but unavoidable requirement that can confuse many foreign-invested companies and their employees. With China frequently updating its labor laws and regulations, detailed attention to the labor and employment laws is crucial for staying compliant and operating your business in China.
Annual Bonus in China
In our article we discuss how the Individual Income Tax on bonuses is calculated following the end of the preferential tax rate according to China’s Individual Income Tax framework.
Explaining China’s Social Security System
When hiring employees in China, employers must abide by relevant laws and regulations and as such are required as well to make contributions to social security and the housing provident fund. In this article, we provide an extensive overview of China’s social security system and the housing provident fund from an employer’s perspective.
China Cuts Pension Contributions for Employers across All of China: Implications for Businesses
China has lowered employer contributions to the country’s Pension Fund. These significant reductions to employer social security contributions may be one the country’s most underestimated tax reforms in recent times.
