Overview of Payroll in China 2020
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Country
China
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Material Year
2020
The People’s Republic of China (PRC), as you might expect, has a wide range of social insurances, which provide benefits for employees in certain circumstances, these deductions from pay sit alongside income tax.
There is a range of mandatory payments including variations by region plus a wide range of employer obligations.
Having attended this course delegates will have confidence that they understand the fundamentals of payroll processing in China, are clear about employer obligations including those for residents and non-residents, know what they need to do on a periodic and annual basis, can answer employee queries and check payslips.
Even if payrolls are outsourced it is still the employer’s responsibility to ensure all obligations are met and that income tax and social security are correctly processed. This course not only gives you the information you need to be compliant but also ensures you know exactly what information should be given to a payroll provider and the various tasks they should be completing on your behalf.
This course includes:
Module one
- Introduction to China
- Business Culture in China
- Setting up a business in China
- Employing People
- Employment Law
- Working time
- Overtime
- Part Time employees
- Employment contracts
- Training
- Minimum wage
- Paying employees
- China Payslip translations
- Visas
Module Two
- Legal Protection of wages
- Starts and leavers
- Terminations
- Severance Payments
- Tax Authority
- Payroll Tax
- Personal income tax
- Residency
- Taxable income
- Concessions for Expats
- Tax on stock options
- Tax on gifts
- Tax allowances
- Annual bonuses
- Annual Returns
Module Three
- Social insurance
- Pension insurance
- Medical insurance
- Unemployment insurance
- Work related injury Insurance
- Maternity Insurance
- Earning Ceilings
- Social Insurance numbers
- Foreigners Liability
- Housing Fund
- Annual Leave
- Sick Leave
- Maternity Leave
- Bereavement
- Visitation Leave
- Compliance
Other means of training
Click here to attend this course in classroom
Click here to attend this course virtually
training@globalpayrollassociation.com