Foreigners Face Paying More Tax in China
China’s newly revised personal income tax code has made it easier to levy taxes on foreign employees’ offshore income, raising concerns that the country’s tax system will become even less attractive to foreign talent.
Foreigners who have a residence or reside on the Chinese mainland for more than 183 days a calendar year will be classified as resident taxpayers, subject to Chinese tax on their worldwide income, according to the revised Individual Income Tax Law (link in Chinese) that the top legislature passed Aug. 31.
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