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China’s expat tax breaks extension praised by Western companies, but business concerns remain

Summary:
[unable to retrieve full-text content]China’s last-minute decision to extend tax exemptions on expatriate employee allowances for two more years has been welcomed by foreign business groups, though worries about rising costs, coronavirus-related travel restrictions and market access remain.Joerg Wuttke, president of the European Chamber of Commerce in China, said the extension of non-taxable allowances, announced by the Ministry of Finance and the State Taxation Administration on Friday, is highly significant for foreign firms and…

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[unable to retrieve full-text content]
China’s last-minute decision to extend tax exemptions on expatriate employee allowances for two more years has been welcomed by foreign business groups, though worries about rising costs, coronavirus-related travel restrictions and market access remain.Joerg Wuttke, president of the European Chamber of Commerce in China, said the extension of non-taxable allowances, announced by the Ministry of Finance and the State Taxation Administration on Friday, is highly significant for foreign firms and…

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