China: Notable Tax Update for Hong Kong and Macau Resident Employees
May 24, 2012
In welcome news, China’s State Administration of Taxation (SAT) has issued Public Notice 16 to address the double tax problems faced by Hong Kong and Macau tax resident employees working in China.
Effective June 1, 2012, the SAT will now accept special time apportionment treatment on a “physical days present” basis when allocating the source of income between Hong Kong (and Macau) and China. For more information, or assistance with work arrangement changes or tax positioning, please contact Arden Ng or Katie Davies.
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