Do you have a FAQ for your business? What is the one question people keep asking? How do I get a Chinese antique back to Australia? Where can I find out about changes to travel restrictions? What are the tax rates in China? If you have a question you would like answered, or an answer you would like to share (with recognition to your AustCham Beijing member business of course), contact us now.
Question: I am a foreign national working in China. Would I be subject to PRC individual income tax on my worldwide income?
Answer: You will be taxed on your worldwide income if you reside in China for more than five-full-consecutive years and you stay in China for one full year from the sixth year onwards. When counting the full year, a calendar year in which you spend either more than 30 consecutive days or more than 90 cumulative days outside China will not be considered a full year and will not be counted towards the five-full-consecutive-year.
For more information, please visit www.kpmg.com.cn or contact jean.li@kpmg.com.cn and agnes.meng@kpmg.com.cn."
Question: What is the H1N1 situation and will a H1N1 vaccine be available in China?
Answer: Pandemic H1N1 influenza is the health issue of most concern to organizations at present. Although the disease is milder than might have been predicted in the majority of cases, nevertheless there has been considerable impact in many countries worldwide, including significant numbers of deaths in otherwise healthy young people. International SOS recommends that corporations develop a well thought-out pandemic preparedness plan to promote their business continuity. From our studies, we found that still many companies are unprepared for a pandemic outbreak, either because they rely on their HQ to develop the pandemic plan on their behalf, or because they under-estimate the consequences a pandemic outbreak would have on their businesses.
The question around pandemic H1N1 vaccines is hard to answer or predict. At present all pandemic H1N1 vaccines in China have been government allocated and some doses given to certain populations, such as students and participants in the recent anniversary parades. There is no indication presently that any of the local vaccine manufacturers will be releasing vaccine to commercial organizations but this may change. The WHO recommends seasonal influenza vaccination this year and we continue to support this, as we do each year".
For more information contact International SOS at: 010- 6462 9100 or visit our website: www.internationalsos.com
