Tax Related Issues for Signing Contracts
When entering into a contract, enterprises need to consider not only the realisation of the economic business, but also the tax issues and risks involved in the economic business specified in the contract. Don't underestimate the tax risk prevention and control when signing a contract, as taking the small tax risk at the beginning lightly may lead to big problems later. Below, Hargent Xiaobian analyzes the tax issues and risks that should be concerned when signing a contract.
2021-08-19
Analysis and Comparison of Different IIT Calculation Methods for Annual Bonus
Annual lump-sum bonuses refer to lump-sum bonuses paid to employees by administrative organs, enterprises and institutions based on their annual economic benefits and comprehensive assessment of their annual work performance, and also include year-end salary increases, annual salary and performance salary paid by units implementing the annual salary system and performance pay scheme based on the assessment. Prior to 31 December 2023, resident individuals may choose to pay individual income tax on their annual lump sum bonuses separately (hereinafter referred to as "separate taxation") or to pay individual income tax on their annual lump sum bonuses by combining them with their comprehensive income for the year (hereinafter referred to as "combining them with their comprehensive income").
2022-01-20
Tax Related Issues for Signing Contracts
When entering into a contract, enterprises need to consider not only the realisation of the economic business, but also the tax issues and risks involved in the economic business specified in the contract. Don't underestimate the tax risk prevention and control when signing a contract, as taking the small tax risk at the beginning lightly may lead to big problems later. Below, Hargent Xiaobian analyzes the tax issues and risks that should be concerned when signing a contract.
2021-08-19
Analysis and Comparison of Different IIT Calculation Methods for Annual Bonus
Annual lump-sum bonuses refer to lump-sum bonuses paid to employees by administrative organs, enterprises and institutions based on their annual economic benefits and comprehensive assessment of their annual work performance, and also include year-end salary increases, annual salary and performance salary paid by units implementing the annual salary system and performance pay scheme based on the assessment. Prior to 31 December 2023, resident individuals may choose to pay individual income tax on their annual lump sum bonuses separately (hereinafter referred to as "separate taxation") or to pay individual income tax on their annual lump sum bonuses by combining them with their comprehensive income for the year (hereinafter referred to as "combining them with their comprehensive income").
2022-01-20
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