Circular of the Shanghai Municipal Bureau of Local Taxation on Several Individual Income Tax Policies for Foreigners
Circular of the Shanghai Municipal Bureau of Local Taxation on Several Individual Income Tax Policies for Foreigners
Circular of the Shanghai Municipal Bureau of Local Taxation on Several Individual Income Tax Policies for Foreigners
Hu Shui Wai [1994] No.74
June 24, 1994
Several individual income tax policies for foreigners are hereby notified as below, in accordance with the Circular of the Ministry of Finance and the State Administration of Taxation on Issues concerning Individual Income Tax Policies (Cai Shui Zi [1994] No.20).
I. The allowances for visiting relatives, relocation payments, language training allowances and children's education expenses paid by a foreign-invested enterprise to its employee may be excluded from such employee's wage and salary income when the individual income tax payable by such employee is calculated, provided that the amount of such payments is reasonable and has been examined and approved by the local tax authority.
II.
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