WFOE in China

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• WFOE in China
• Published By
• https//globaleasterninvestment.com/

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• China has tax arrangements with the US
  as well as with other countries set up to avoid
  double taxation of persons. The treaties,
  however, are also designed to help each nation
  catch cheats. In China, fines for tax avoidance
  are far more serious than in the United States.
  For starters, you'll get a slap on the wrist and
  a fine in the US, but you'll win yourself a free
  ride behind bars in China. The tax office has
  been associated with the immigration office since
  the spring of 2006, because if you're going to be
  arrested, you're more than likely to be at the
  border, just like you figured you were going to
  get away with it. Tell farewell to your family
  and friends, though it will take a long time to
  see them again.As an expat in China, both in
  China and in your home nation, you will be forced
  to pay taxes, especially for atypical earnings
  such as property taxes and royalties. Before
  accepting the job, ask your employee to help sort
  it out. However, taxation can be very
  complicated, and the harder you want to manoeuvre
  in the book, the bigger your bill would be.Have a
  look at Open a company in China for more info on
  this.

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• As in the US, the Individual Income
  Tax refers to the mainland tax. The first 4000RMB
  is not taxable, so you are taxable at a marginal
  rate of 20 percent on income up to 20,000 RMB.
  The tax limit is 25 percent for incomes from
  20,000RMB to 40,000RMB, and so on. In Asia,
  China's ITT tax rates are among the largest. For
  individuals who are classified as "individual
  entrepreneurs," the rates are lower and tax
  brackets in high-cost cities such as Shanghai are
  higher. Some expats divide their jobs between two
  schools and each employer holds their earnings
  below 4000 RMB. Do you want to learn more? Visit
  China Tax Calculator

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• Unlike the U.S., where income taxes
  are collected once a year, they are collected
  every month in China. The tax responsibility for
  workers is usually handled by companies. They
  would deduct the tax from your income and pay you
  to the state administration, so that you never
  have to file your own taxes directly.However,
  since tax laws are continually evolving in China
  (calling it reform), and tax evaders face serious
  penalties, if your case is complicated, we
  recommend you consult a tax specialist. Companies
  like Deloitte provide all manner of legal and
  financial services, including tax advice,
  however, as usual, it's better to start in the HR
  department of the business.You may want to check
  out WFOE in China for more.

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• Summary
• Global Eastern Investment is a Chinese
  service-based firm which helps open
• 1. Hong Kong companies
• 2. foreign-owned companies
• 3. Sino-foreign joint ventures
• It also does these Accounting services
• 1. annual financial audits
• 2. tax declarations
• 3. import and export tax rebates
• Visit this site to learn more
• https//globaleasterninvestment.com/