Expats relieved about tax breaks

Beijing has extended tax breaks for foreigners by four years as part of its charm offensive. This is going down well. There has also been other progress since the end of the pandemic, according to the German Chamber of Commerce.

German companies and expats have expressed relief at the extension of tax benefits in China. A corresponding announcement by the highest tax authority on 18 August shows that, if contracts are drawn up correctly, rent or school fees, for instance, will still not have to be included in taxable income. This significantly reduces the tax burden.

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