SAT Issues New Rules on Deduction of Salaries and Welfare Expenses

Tax Newsflash:May 29, 2015/China

China’s State Administration of Taxation (SAT) issued guidance on 8 May 2015 (Bulletin [2015] No. 34 (Bulletin 34)) that clarifies the deduction of salaries and employee welfare expenses for enterprise income tax (EIT) purposes. Bulletin 34 applies to EIT returns for 2014 and thereafter, but also may apply where the tax treatment of these issues for previous years has not yet been dealt with. (Tax Newsflash:May 29, 2015/China)

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This newsletter explains following topics;

(1) Welfare subsidies
(2) Year-end salaries payables
(3) Labor dispatch arrangement

>> Click for Japanese [国家税務総局が賃金給与および従業員福利費の損金算入に関する新規定を公布]

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