Monday June 1, 2020

Overseas tax special: China

The Chinese currency unit is the Yuan Renminbi (CNY). Residence:

6th May, 2006

The Chinese currency unit is the Yuan Renminbi (CNY). 1.00 CNY=0.0989524 EUR. Residence:

China operates a calendar tax year. China has two types of tax residence:

(a) Residence. You are resident in China for tax purposes if you spend more than 183 days there in a calendar year. If you pass this test you are caught for Chinese tax on your Chinese source income.

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