Tax implications for expatriates working in the People's Republic of China

Article Abstract:

Expatriates working in the People's Republic of China (PRC) would benefit from education about and tax planning for the Chinese personal income tax. The law is subject to change and is aggressively enforced. Although the PRC tax law reform in the 1990s changed the tax treatment of expatriates, planning strategies exist to reduce PRC taxation. Important substantive areas which should be addressed include bonus income, corporate directors' income, and employee benefits.

Personal Income Tax Administratn, Taxation, Laws, regulations and rules, Income tax, Personal income tax, Expatriation

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Tax audits in Hong Kong

Article Abstract:

Hong Kong's Inland Revenue Dept's Field Audits are part of a voluntary compliance system which allows the agency to oversee taxpayer returns by conducting on-premises audits where necessary. The system has identified underreported taxes and has been successful in collection efforts between 1991 and 1997. Audits are more likely where businesses engage in certain transactions or whose accounts include certain items of income or loss.

International, Tax Administration, Management, Tax administration and procedure, Tax auditing, Tax audits

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Tax significance of the double taxation arrangement between mainland China and Hong Kong

Article Abstract:

The authors discuss the Arrangement Between the Mainland of China and the Hong Kong Special Administrative Region for the Avoidance of Double Taxation on Income which was agreed upon by the respective governments on Feb 11, 1998. The agreement was instituted to address the problem of double taxation of cross-border transactions resulting from Hong Kong's more limited tax base than that of China.

Tax Treaties, International Affairs, Interpretation and construction, Double taxation

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