China Secondment - Tax implications of cross-border labor dispatch

Richard van Ostende

Category: Management

€ 15,99
Free shipping

Summary

In this publication tax implications of secondment arrangements to China for both multinational organizations as well as for secondees are discussed. It aims to provide entrepreneurs with an in-depth understanding of China’s perspective of inbound foreign secondment and the local taxation implications it may have, to support their business decision on whether to implement secondment arrangements within their organizations. For foreign employees considering to work in China it aims to provide insight in China’s payroll and taxation system, to support in the making a well-balanced decision whether or not to accept the work placement in China.

From the book

Along with the impressive development of China’s economy and globalization, the demand for skilled resources in China continues to increase. As a direct result of this, multinational companies with entities in China have been identifying high potentials within their organizations to dispatch them on temporary secondment arrangements to China to assume key technical, management or other positions with the Chinese entity.
 
In this publication local Corporate Income Tax implications for organizations as well as the Individual Income Tax implications for secondees are discussed extensively.
 
Attention goes further out to the advantages of Double Taxation Agreements; on how to handle and avoid double payment of taxes between the jurisdictions as well as preferential treatments applicable, which have a mitigating effect on tax liabilities..
 
Due to the fact that some foreign companies have been providing services to Chinese entity under the guise of secondment arrangement in the past and thus avoiding taxes, China in recent years has increased its legislation and focus on secondment arrangements. Means of risk mitigation are discussed as it is imperative that secondment arrangements are well embedded in the organization and proof in regards of substantiating the genuine nature of the secondment arrangement, the non-resident home entity should be well documented.
 
The information is not exhaustive, but aims to provide entrepreneurs with an in-depth understanding of China’s perspective of inbound foreign secondment and the local taxation implications it may have, to support their business decision on whether to implement secondment arrangements within their organizations.
 
For foreign employees considering to work in China it aims  to provide insight in China’s payroll and taxation system, to support in the decision whether or not to work in China.

About the author

Richard van Ostende lives and works in China since early 2007 and is currently based in Shanghai. During his career Richard held several senior financial management positions and currently holds the position of Finance Director Asia Pacific for an European multinational. From these capacities he has been closely involved in confirming the tax implications for both company and seconded employees as well as mitigating corporate tax risks described in this publication.

Reviews



Write your own review

:
:
:
 

Product information

Title:

China Secondment - Tax implications of cross-border labor dispatch

Author:

Richard van Ostende

Category:

Management

Number of pages:

64

Illustrated:

No

Format/size:

Paperback 12,5 x 20 cm

Release date:

14-07-2017

ISBN:

978-94-0223-764-1 / 9789402237641

Price:

€ 15,99