Understanding China’s new IIT Law and Its Impact on Foreign Employees (Daxue Talks 133)

Daxue Talks

In this episode Jasper Zhang, the HR Director at PLT Group, introduces the new IIT (individual income tax) Law in China and its impact on foreign employees. Learn more about what adjustments the new IIT Law made, and most importantly, how it will influence the employment of foreigners in China starting January 2022. 0:50 The new IIT (individual income tax) Law in China and its impact 1:53 Main areas that the new IIT Law refers to 2:04 How the new IIT Law will affect foreign employees 2:32 Main concerns for employers of foreign employees in China now and how the new IIT Law will mend them 3:43 The change of bottom line for companies employing foreigners under the new IIT Law 4:40 The reasons for the change of the IIT Law 5:36 Benefits of the new IIT Law in China Daxue consulting website: https://daxueconsulting.com/ What do you have in mind for your expansion in China? Contact us now: https://daxueconsulting.com/contact-us-now/ PTL Group website: https://www.ptl-group.com/ PTL Group provides international companies with operational and managerial support through the various stages of their China market-entry and growth. The Group's wide range of professional services include financial services, HR management, logistics and supply chain. In the 20+ years since PTL Group's establishment, they have facilitated over 300 market-entry projects for international companies into China. Listen & Subscribe to the Podcast: YouTube: https://www.youtube.com/watch?v=LDka8-Z2Jr0&list=PLcVM3NJYsLF1Z2LLcVGbBVlwVQOOsuuJh Soundcloud: https://soundcloud.com/user-177979339/tracks Apple Podcast: https://podcasts.apple.com/us/podcast/daxue-talks/id1492896072 Spotify: https://open.spotify.com/show/2lfCyDOJJNMeW2W0Ad21QK What is Daxue Talks? Daxue Talks, a China business vlog powered by daxue consulting, a china-based strategic market research company founded in 2010! With Daxue Talks, you will stay up to date with all the latest business updates in China. Every day, you will learn from china-based experts who share their knowledge about the Chinese market in 2-5 minutes.