Foreign employee IIT tax planning & equalization
International taxes planning with Tax Protection & Equalization Policies minimize the potential burdens you may have.
Different countries has different policies of tax rates, in order to ensure that the expatriate assignment is “tax neutral” to the expatriate employee, many companies pay any taxes that exceed the expatriate’s hypothetical tax liability. Companies also implement tax equalization policies so that expatriate employees are treated fairly and consistently throughout the world (an expatriate in UK is treated the same as an expatriate in Sweden although the tax laws in these countries are vastly different).
Example of Practice: a man was recruited by an employer, a Chinese University as an English Teacher, this person can get Expertise License (Culture & Education), he then can apply for the working visa and resident permit. Compared with those who hired.
* For more equalization solutions, pls consult with our advisors.