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International Law

: China Briefing Blog

Individual Income Tax Treatment for Annuity Contributions

By China Briefing

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Feb. 5 – The State Administration of Taxation’s Circular 694 advises on how to compute for individual income tax (IIT) for contributions made to company annuity plans set up by employers. A corporate annuity plan is a supplementary pension funded by contributions from both employers and employees. It is a common practice in China practiced by [...]

Full post as published by China Briefing Blog on February 04, 2010 (boomark / email).

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