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Annual Confirmation for Accessing China IIT Special Additional Deductions

From December 1, 2023, the annual confirmation for Individual Income Tax (IIT) special additional deductions begins. We explain the process. ....

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China's Machine Tool Industry: Market Trends and Opportunities

China's machine tool industry, reliant on imports, offers opportunities and tax incentives to foreign businesses and investors. ....

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China Individual Income Tax - Raises to Deductions on Three Expenses

The government has raised China Individual Income Tax deduction standards on expenses related to childcare, education, and elderly support. ....

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Kevin Greenard: Pension splitting may lower household tax bill

There are many ways to manage your tax liability and pension income splitting may be one of the useful tools to help achieve this with significant tax savings. ....

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China's IIT Special Additional Deductions: An Explainer (Updated)

China has implemented special additional deductions under the new IIT Law since 2019, while nursing expenses for children under 3 become deductible in 2022 ....

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