Remuneration is an especially sensitive area of Human Resources management
If you outsource your HR tasks, your management will be able to ensure full compliance with labor, tax, and social insurance regulations for both domestic and overseas employees. We also support your company’s HR department to facilitate the secondment of professionals to China and help you to design their compensation packages. We can also take care of expatriates’ individual income tax and social insurance.
Our services include:
Set-up of the payroll system
Payroll calculation and reports preparation
Processing of payroll payments
Ensure payroll compliance with tax and social welfare regulations
Assistance with registration of employer and employee accounts for social security and housing fund
Employee leave management, including calculation of compensation package, preparation of termination notice or agreement, de-registration of social benefits, housing fund and IIT
Our approach to payroll and human resources
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Caring
We not only take care of the calculation and payment of the wages, but also give notice to the clients of HR related policy change with regard to social insurance, IIT, etc., to ensure they timely adopt a cost-saving approach while to keep legal compliance.
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Comprehensive
By closely cross-working with our experts colleagues in tax and accounting, we provide a complex view and solution in international background HR related cases.
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Practical
We always provide suggestions by putting ourselves into clients‘ shoes. Clients get the most direct solutions and answers through effictive and succinct communications.
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Added value
With abundant experience in WOFEs, our clients have more chances to find reference cases in any employment scenarios.
Payroll and HR news
Stay up to date about relevant news around payroll and human resources.
Tax alert: China’s IIT Preferential Policy for Expatriates ExtendedAugust 31, 2023 by Eloise Yao
China resumes issuing all types of visas to foreigners from March 15, 2023March 17, 2023 by Lena Li
China Immigration Policy Update: PU Letter is no longer necessary for visitors from Germany and AustriaJuly 25, 2022 by Lena Li
China lifts its ban on the current border entry policyJune 29, 2022 by Christian Vogt
China Immigration Policy Update: PU letter is no longer required for work visa and dependent visa applicationsJune 8, 2022 by Lena Li
Important Note: Tax incentives on annual bonus and foreigner’s fringe benefits continue to be valid until 2023!December 31, 2021 by Dr. Gerald Neumann
Coming changes to the Individual Income Tax treatment on expatriates in ChinaSeptember 6, 2021 by Yvonne Zhang
Social Insurance Administration Tightened in Beijing from Mid of 2020September 2, 2020 by Yvonne Zhang
China Simplifies the Tax Procedure Regarding Non-Resident’s Claim of Treaty Benefits Regarding Dividend PaymentsNovember 13, 2019 by Eloise Yao
personNew CIT regulations on increase of maximum deductible employee education feeMay 17, 2018 by Lena
personIm Fokus der deutschen FinanzverwaltungMay 11, 2018 by Lena
personIndividual income tax (“IIT”) regulation on commercial health insurance promoted nationwideJuly 15, 2017 by admin
personNew Sino-German Double Taxation Agreement Enters Into ForceDecember 10, 2016 by admin
personCompany Social Insurance Burden Reduced in Many Cities of ChinaJuly 19, 2016 by admin
References & success stories
Analyzing a subsidiary’s HR budget
The task
We were asked by a German headquarter to analyze the rationality of the HR budget of its China subsidiary. The subsidiary proposed a general, 11% increase of the gross salary for the coming year.
Our approach
Instead of relying solely on institutional salary reports, we did a custom salary field survey to compare similar companies from the company’s industry. Our goal was to find ‘true’ benchmark figures. The comparison was conducted inclusively from functions to position grades. Other impact factors such as CPI index and the company’s market position were also considered.
The outcome
Some of the positions‘ salaries were found to be out of market level, but most were in a competitive range. The German headquarter was relieved to see that its China subsidiary was on track.
The team
Lydia HuDirector
Christian VogtOf Counsel
Jessie QianSenior Manager
Let us discuss your payroll and HR related questions!
Together, we achieve transparency for your investment in China and Asia and give you the best possible insight into the financial structure and details of your business.
