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For foreign invested companies, China is one of the most significant markets for expansion. But Chinese authorities are more likely to cast a critical eye on the activities of foreign-owned enterprises, making compliance with local labor and employment requirements crucial. In this webinar session, we look at nine critical issues in Chinese labor and employment law to help foreign companies better understand the unique features of the largest labor market in the world.

China’s work permit system has become more streamlined, doing away with inconsistent regional administration, and allows for employers to submit applications online. The system has a three-tier talent grading system for foreigners, the benefits of which are less clear. While A-grade foreigners enjoy some additional advantages, those falling in Tier B and Tier C may face tougher entry requirements, lower permit validity and longer waiting times than before. In this webinar session we aim to clarify who is placed under the system and the implications of the classifications.

China's amended Individual Income Tax (IIT) Law became effective on 1 January, 2019. In view of the significant impacts of the tax reforms on both enterprises and individuals working in China, this webinar session will discuss the amendments, their broad impact, the challenges faced by individual taxpayers as well as enterprises and how individuals and companies can make accurate tax calculations. It will also guide new market entrants to understand how to create salary compensation packages.

Under PRC law, employers are required to pay social premiums for employees. The social insurance premiums cover basic endowment, medical, employment-related injury, unemployment and maternity insurance. Non-compliance with these requirements can result in administrative penalties, claims by employees and other measures taken by government authorities, and cause significant reputational damage. In this webinar session we will be looking at each of the social insurance premiums and the benefits to the employees. We will be taking the example of Shanghai to show how social insurance premiums are calculated.

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