国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

China unveils new individual income tax rules for exemption

Source: Xinhua| 2019-03-17 00:04:59|Editor: zh
Video PlayerClose

BEIJING, March 16 (Xinhua) -- China Saturday announced specific rules concerning tax exemption to reduce the amount of individual income tax (IIT) paid on incomes earned overseas.

According to the rules jointly unveiled by the Ministry of Finance and State Taxation Administration (STA), individuals who have lived on the Chinese mainland for six consecutive years and have stayed there for 183 days or more each year will need to pay IIT on their overseas-sourced incomes. Otherwise, their incomes earned overseas will be IIT exempt.

The clock for the six-year period will be reset if the individual leaves the mainland for more than 30 consecutive days in a year, according to the rules.

The rules, coming into effect on Jan. 1, 2019, also stipulated that a stay of less than 24 hours on the mainland will not be counted as a day, and the count started from Jan. 1 this year.

The adjustment marked more generous tax exemptions on overseas-sourced incomes of foreigners and non-mainland citizens working in the mainland. The move will attract more foreign investment and overseas talent to work in the mainland, the STA said in a statement on its website.

Previously, the exemption was for tax residents who have lived on the mainland for less than five years.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001379006771
主站蜘蛛池模板: 内黄县| 双鸭山市| 湘西| 穆棱市| 清丰县| 无棣县| 南丰县| 浠水县| 峨边| 东源县| 江华| 鹤庆县| 赤城县| 黄浦区| 遂川县| 禹州市| 鹰潭市| 儋州市| 华阴市| 林西县| 大同市| 苗栗市| 斗六市| 礼泉县| 百色市| 平乐县| 呼玛县| 北安市| 三穗县| 樟树市| 军事| 福泉市| 垣曲县| 旅游| 阳谷县| 博湖县| 上虞市| 慈溪市| 仁怀市| 霞浦县| 北川|