Going abroad for an assignment can be among the most exciting transitions an aspiring leader can undertake. But expats and their companies often focus on the excitement of preparing for their international business relocation, and can easily overlook the more burdensome aspects of going abroad – such as taxes. Unfortunately, this common oversight can lead to expensive consequences.
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.