Company News
May 5, 2011
China to Collect IIT on Tax Borne by Employers on Behalf of Employees on Annual Lump-Sum Bonuses
The China State Administration of Taxation (SAT) issued the Circular regarding the Calculation of Individual Income Tax on the Portion of Tax Borne by Employers on behalf of Employees on Annual Lump-Sum Bonus (“Circular”) on April 28, 2011.
May 4, 2011
Beijing Government Issues Circular on Collection of Union Fees
The General Office of People’s Government of Beijing Municipality issued the Circular on the Commencement of the Pilot Work with regard to the Collection of Union Contributions and Preparation Fees by the Beijing Local Tax Bureau (Jingzhengbanhan [2010] No. 34) (Circular).
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