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: 安达市| 崇明县| 镇巴县| 岑巩县| 永平县| 新田县| 津市市| 文化| 彩票| 西城区| 思茅市| 昔阳县| 泰兴市| 巍山| 柘荣县| 洛宁县| 施甸县| 罗源县| 沅江市| 临夏市| 清镇市| 牙克石市| 巴彦淖尔市| 岳阳县| 新郑市| 平利县| 油尖旺区| 当阳市| 德昌县| 双辽市| 青神县| 许昌市| 衡南县| 蕲春县| 荆州市| 当阳市| 忻州市| 平原县| 龙岩市| 安平县| 边坝县|