Caixin
Jan 01, 2022 04:56 AM
ECONOMY

China Extends Tax Exemptions for Expatriates to 2023

Pedestrians wearing protective masks walk through the Lujiazui financial district in Shanghai
Pedestrians wearing protective masks walk through the Lujiazui financial district in Shanghai

What’s new: Expatriates working in China can enjoy preferential tax policies for income from certain benefits and compensation for one more year until the end of 2023 as part of the country’s broader tax incentives to boost domestic spending.

The Ministry of Finance and the State Taxation Administration Friday announced (link in Chinese) the extension of the tax exemption for foreign expatriates’ fringe benefits — additional perks offered by employers to people working abroad including subsidies on rent, language training and children’s education.

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