China Tax Alert - Issue 18, August 2015
In June 2015, the Ministry of Public Security and the State Council introduced a series of relaxed policies and simplified procedures to encourage foreigner individuals and residents from Hong Kong, Macau and Taiwan to take up employment, start up new business and reside in mainland China. These policies and measures seek to establish an efficient and effective platform for companies to attract and retain foreign talent in China. In light of these new measures, companies and individuals should familiarize themselves with the application procedures and timeframe and make relevant adjustments. At the same time, tax implications triggered by these new measures should not be overlooked.