SOCIAL SECURITY FOR FOREIGNERS IN CHINA, BY SJ GRAND
Social security for foreigners in china In 2010, China passed a new social security law which came into effective on July 1, 2011. The law applies to Chinese citizens as well as foreigners who work or reside in China. Subsequently, on October 15, 2011, “provisional measures for foreigners to participate in Chinese social security scheme” became effective. According to the latest social security policy, all foreigners who work or live in China, including those employees […] read more
Individual income tax relief for temporary visitors in China
SJ Grand about different issues concerning business in China. A temporary visitor (also known as non-PRC tax resident) is an individual who visits China for a period up to 90 days (or up to 183 days, if tax treaty applies), continuously or accumulatively, during a calendar year. Temporary visitors are eligible to be exempted from individual income tax (“IIT”) in China on the portion of their income paid by the overseas employer. If the income […] read more
Business&law news!
Adam Pasierbek & Mikołaj Firlej about Business&Law news! Is your bank using XP? – On April 8th, Microsoft is set to cease providing support for the Windows XP software. While this move may have little impact on the individual users, a more curious problem relates to the XP’s importance for the financial infrastructure. Most notably, around 95% of the ATMs in the World run an appropriated version of XP, which means that their operators will either […] read more
Revisiting China – 10 Thoughts
I had the pleasure of participating recently as a panelist in the Bits 1st Frontier Industrial Forum in Qingdao, China where I spoke about the Polish legal framework for shale gas operations and the lessons that other countries looking to develop their shale gas law could learn from Poland. Here are my loose – subjective – thoughts from my visit to China. “He who learns but does not think, is lost! He who […] read more
DOING BUSINESS 2013
Business & Law is proud to announce its participation and contribution to the prestigious Doing Business 2013 project held by The World Bank. ”Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises assesses regulations affecting domestic firms in 185 economies and ranks the economies in 10 areas of business regulation, such as starting a business, resolving insolvency and trading across borders. This year’s report data cover regulations measured from June 2011 through May 2012. […] read more