15 Aug 2009

China’s Residency Rules

by Darren

Individuals: An individual resident for Chinese Tax law purposes is one who has a domicile in China or individuals without a domicile that have resided within China for greater than 1 year. These residents are taxed on their worldwide income. A non resident is someone who does not have a domicile in Chian and has not live ineth boundaries of China for more than 365 days. Business: The enterprise income tax law defines a chinese resident enterprise as either an enterprise that is incorporated in China or is incorporated outside China but has its place of management based in China. Place of management in China means the management of the business' operations, personnel, accounting and property are exercised within China. Any business that is a resident of China wil be taxed on its worldwide income within China

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