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Payroll in China

In this article we will tell you about the full procedure of a Chinese company employee’s salary calculation with all the related deductions. Initially, the employment contract contains information about the amount of salary (税前) before the taxes. For example, we want an employee to

Tax refund in China

It is always a pleasure to pay less taxes. In 2019 new tax refunds came into operation in China: 1. For children education – up to 12.000 yuan per year, every parent may get up to 50% of this amount. 2. For professional and post-graduate

Handling paychecks in China

There are 2 ways of handling money on company’s bank account nowadays: 1. Simple, convenient and fast one is online banking. Different banks in China have their own subtleties, but in general, they have same way of providing service. After opening a corporate bank account,