China Introduces Electronic Invoices for VAT Payments
The State Taxation Administration (STA) of China have released a report of eligible regions where qualifying taxpayers may utilize electronic VAT special invoices.
Shanghai Tax Bureau Now Collecting Social Insurance
Effective since November 1st, 2020, the Shanghai tax bureau is now collecting social insurance instead of the social bureau.
China’s Income Tax Changes and Their Impact
After proposed changes in June 2018, amendments to China’s Individual Income Tax (IIT) will go into effect January 2019. These changes will have administrative ramifications on every company in China.
Virtual Open House Webinar Series – China
Virtual Open House Webinar Series – China The webinar focuses on hiring, on-boarding, employment contracts, employment law, benefits, payroll, termination and more in China. On Demand Webinar Watch Now Download Slide We may communicate with you regarding this event and other services. Your information is protected by Global Upside’s Privacy Policy. Transcript: OverviewKey ConsiderationsLegal Entity Setup:China is…
Virtual Open House Webinar Series – APAC
Virtual Open House Webinar Series – APAC This webinar series focuses on hiring, on-boarding, employment contracts, employment law, benefits, payroll, termination and more in the APAC region. Questions: Global workforce planning, system of record, currency conversion and consolidated reporting. Is there a perfect system? On Demand Webinar Watch Now Download Slide We may communicate with…
Countries With Most Complex Payroll Processing
3 Countries with the Most Complex Payroll Processing Payroll management for an offshore business can be a challenging task due to the unique processes, compliance issues, and constantly changing legislation of different countries. Global payroll professionals need to factor in wage rules, working hours, labor practices, and other aspects when processing payroll. Countries with the…
China’s Wages are Catching up to Europe
China’s Wages are Catching up to Europe China’s median net salary is now equal to parts of Europe, and higher than some Eastern European countries, due to its new minimum wage standards. Factory workers in China are earning more than ever as average hourly wages have gone up a significant 64% since 2011. The trend…
China Lowers Social Security Contribution Rates
Payroll/HR Alert: China Lowers Social Security Contribution Rates Beginning May 2016, corporations doing business in China can lower their contribution to Pension Insurance, Unemployment Insurance and Housing Provident Funds. The new policy, announced by the China’s Ministry of Human Resources and Social Security, aims to relieve corporate burden and increase employee cash income. According to…
