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beware if you’ve been in this market! china pneumonia outbreak!

a mysterious viral pneumonia has infected dozens in central china. local authorities have said that it is not severe acute respiratory syndrome (sars). 
a total of 59 viral pneumonia cases of unknown cause had been reported in wuhan, central china’s hubei province, by sunday morning. 
 
beware if you've been in this market! china pneumonia outbreak!
according to an official statement released sunday, all the patients have been put in quarantine, with the number in critical condition falling to seven from eleven after treatment and the others in stable condition. 
 
beware if you've been in this market! china pneumonia outbreak!
is it sars? 
netizen speculation on weibo blamed sars, first diagnosed in 2002, which caused panic and forced authorities to address public concerns. 
 
so far, wuhan police have arrested eight people for spreading rumors that the pneumonia was linked to sars. 
 
beware if you've been in this market! china pneumonia outbreak!
 
the tests on the exact pathogens and the investigation over the cause of the infections are underway.
 
health authorites have ruled out the possibility that severe acute respiratory syndrome (sars) or middle east respiratory syndrome (mers) is to blame. also, influenza, bird flue, and adenovirus have been ruled out. 
 
beware if you've been in this market! china pneumonia outbreak!
 
what r the cases? 
some of the patients, who fell ill with pneumonia between dec 12-29, are sellers from a local seafood wholesale market that has been temporarily shut down. 
beware if you've been in this market! china pneumonia outbreak!
beware if you've been in this market! china pneumonia outbreak!
a total of 163 close contacts have been put under medical observation and they have shown no abnormal symptoms including fever. local authorities are still searching for more close contacts. 
singapore reported its first case of the pneumonia over the weekend, which might be linked to wuhan, according to media reports. 
hong kong authorities reported on sunday that within 24 hours, public hospitals admitted seven patients who had been to wuhan in the past two weeks and were experiencing fever, respiratory infection, and pneumonia-like symptoms. 
 

beware if you've been in this market! china pneumonia outbreak!

hong kong and singapore have taken precautions against the unknown virus. 
temperature screening measures have been implemented at the singapore changi airport and thermal imaging is underway at the hong kong international airport. 
beware if you've been in this market! china pneumonia outbreak!
is it scary? 
a preliminary investigation showed that there have been no clear evidence of human-to-human transmission and no reports of infections among medical staff, the statement said. 
beware if you've been in this market! china pneumonia outbreak!
the world health organization (who) has said it is aware of the outbreak and is in contact with the chinese government. 
beware if you've been in this market! china pneumonia outbreak!
“there are many potential causes of viral pneumonia, many of which are more common than severe acute respiratory syndrome coronovirus,” a spokesman said last week. 
no travel or trade restrictions were necessary at this time, it said. 

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beware if you've been in this market! china pneumonia outbreak!

source | chinadaily / bbc / global times

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beware if you've been in this market! china pneumonia outbreak!

get tax refund or need to pay more? time to do the math

the revised law of individual income tax (iit) has been effective since last year. after a year of implementation, the final settlements and payments of iit in 2019 will begin soon. let’s check whether you need to pay more tax or will get a refund. 

on dec 31, 2019, china’s state taxation administration (sta) released the announcement of the final settlements and payments of individual income tax on the annual comprehensive income in 2019

 

get tax refund or need to pay more? time to do the math

to know more about the individual income tax, please check our previous articles get tax refund or need to pay more? time to do the math 

 

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what’s iit settlement? 

according to the announcement, taxpayers are required to make a settlement during the period between march 1 and june 30. 

 

they need to calculate their annual iit payable, then deduct their prepayment to get the annual amount of the tax refund or payment and make a declaration to the authorities. 

 

get tax refund or need to pay more? time to do the math

 

in other words, if your iit prepayment exceeds your actual iit payable for the whole year, you can get a refund; otherwise, you need to pay the unpaid tax to settle. 

 

get tax refund or need to pay more? time to do the math

 

 

should i settle? 

 

generally, all taxpayers are required to make the settlement as long as their prepayment is not equal to their tax payable.

 

however, the government has issued a list of those who don’t need to settle to lower the tax burden. 

 

so you don’t have to make a tax settlement if you meet any of the following conditions: 

 

  • need to pay the tax but the annual comprehensive income is less than 120,000 yuan;

  • need to pay the tax but the amount of the payable is less than 400 yuan; 

  • the prepayment is equal to the annual tax payable, or you don’t apply for the refund. 

 

 

how to calculate? 

well first, you need to get clear your annual comprehensive income, including: 

 

  • employment income 

  • remuneration for personal services

  • author’s remuneration

  • royalties

 

then deduct the standard basic deduction (60,000 yuan), specific deductions, additional deductions, and charitable contributions to get the taxable income. 

△ 6 types of additional deduction. tap the pic to know more! 

after the multiplication by an applicable tax rate and deduction of the quick deduction, you’ll get the annual iit payable. 

 

get tax refund or need to pay more? time to do the math
© image | china-briefing

the tax refund or the tax payment is the difference between your annual tax payable and the tax prepayment. 

 

 

when to do it? 

 

taxpayers need to make the annual settlement for 2019 during the period between march 1 and june 30, 2020. 

 

for those who have no domicile in china and will leave the country before march 1, 2020, they can settle the tax before the departure. 

 

get tax refund or need to pay more? time to do the math

what if i don’t do it? 

as we said above, the settlement makes you pay the individual income tax your actually need to pay. 

 

if you fail to make a tax settlement while you’re required, apparently, that’s tax evasion. and your tax credit will be affected. 

in serious cases, violators are not allowed to leave china, and get fined even go to jail. 

 

related article: 

 

get tax refund or need to pay more? time to do the math

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get tax refund or need to pay more? time to do the math

source | china gov / xinhua / chinanews

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get tax refund or need to pay more? time to do the math

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  • product name / nombre del producto

gardening glove

(guante de jardinería)

  • cbm / volumen

about  5cbm

 (arrededor de 5cbm metros cúbicos)

  • packing / empaquetado 

24 pairs/ctn

 (24 pares/carton)

  • material

stair cloth pigskin

(tela cuero de cerdo)

  • color

red, light blue, green,dark blue

(rojo, azul claro, verde, azul oscuro)

  • stock qty / cantidad en stock

2483ctns

  • location / ubicación

jiangsu

  • price / precio

8rmb, exw

  • quality / calidad

first grade

(primera clase)

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  • product name / nombre del producto

jewelry, bracelet

(bisuterias, pulseras)

  • material

alloy

(aluminio)

  • design / diseños

mix

(variados y mezclados)

  • stock qty / cantidad en stock

1000kgs

  • location / ubicación

yiwu

  • price / precio

38-80rmb/kg

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policy changes in 2019, let’s have a review!

2020 is very approaching, here we would like to summarize a review of new policies and topical events of 2019 in china. click the photos to know more about the details and review the changes that have taken place around you! 

– 01 –

newly revised individual income tax law is implemented
on january 1, 2019, the individual income tax (iit) law changes came into effect in china. the changes are a big step in allowing foreigners who are residents and local taxpayers to enjoy the same tax treatment on a special deductions claim. 
 
 
 
– 02 –
bye, daigou people! strict supervision comes after the implementation of e-commerce law

have you ever heard of daigou (代购) or been in the daigou business? from jan 1, 2019, daigou people and other e-commerce operators need to operate with a business license for both the buyer overseas and domestic. 
 
 
 
– 03 –
 
attention! alipay began to charge a service fee for credit card repayment
on february 21, alipay announced that in order to continue to provide better service to users, from march 26th, alipay would charge a service fee for credit card repayment. 
 
 
 
– 04 –
 
business license is updated, check the new version
a new version of the business license is launched officially. the original business license can continue to be used, or you can apply for a new business license. 
 
– 05 –
 
foreign couples can no longer get married in china  
according to an announcement of china’s ministry of civil affairs, marriage registration for both parties who are foreigners was canceled. but marriages between a foreigner and chinese national are still permitted. 
 
 
– 06 –
 
new rule! your tax-free benefits depends on “domicile”?! 
from may 1, 2019, a foreigner living in china for 183 days or more is seen as a tax resident.  
 

 
– 07 –
 
these rmb notes and coins can’t be used anymore!  
according to the central bank’s website, approved by the state council, the people’s bank of china decided to stop the circulation of the fourth set of rmb 100 yuan, 50 yuan, 10 yuan, 5 yuan, 2 yuan, 2 jiao and 1 jiao coin.  
 
– 08 –
 
china to grant long-term visa up to 5 years to more expats!  
china has eased the permanent residence application for more high-level foreign talents. meanwhile, long-term visas and residence permits will be issued to more foreigners including those doing business, working or studying in china. 
 
 
 
– 09 –
fake money? china issues new rmb! 
the new renminbi bills are issued starting aug 30. this is the third edition of the fifth series of rmb, including four banknotes and three coins. 
 
 
– 10 –
 
now it’s easier to get driving permit!   
wanna drive in china but don’t have chinese driving license? provisional driving permit may be your best choice! now you can even apply for the permit at airports. 
 
 
– 11 –
 
5g commercial service kicks off!   
china mobile, china unicom, and china telecom finally launched 5g network services and more details. users can buy the packages from nov 1. have you used 5g mobile phone and the service? 
 
– 12 –
 
wechat allows transfers via phone number!    
wechat has rolled out a new payment feature that lets people transfer money using a mobile phone number. 
 
 
– 13 –
 
more chinese cities allow 144-hr visa-free transit!    
china has extended 144-hr visa-free transit to more border ports. now citizens from 53 countries can apply for the exemption transit and transfer in china via certain ports without chinese visas. 
 
– 14 –
 
residence self-registration system comes out! 
shanghai has launched an online self-help system for overseas personnel to register residence, which brings great convenience. involved people don’t need to walk to the police station and wait in line anymore. 
 
– 15 –
 
foreigners can use alipay without chinese bank card now! 
finally, alipay is now open to international tourists in mainland china and allows them to pay even they have no chinese bank account or local phone number! 
 
– 16 –
 
easier to open a company in china! license & permit separated   
china has decided to further improve its business environment by promoting the separation of permits from business licenses in pilot free trade zones (ftz). 
 

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policy changes in 2019, let's have a review!

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policy changes in 2019, let's have a review!

policy changes in 2019, let's have a review!

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