Hong Kong and Macau tax residents may be taxed favourably in mainland China

Hong Kong and Macau tax residents may be taxed fa...

China alert - Issue 11, May 2012

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Hong Kong and Macau tax residents may be taxed favourably in mainland China

The State Administration of Taxation (SAT) issued Announcement [2012] No. 16 (Announcement 16) on 26 April 2012 to address the double taxation issues that are encountered by Hong Kong and Macau tax residents who exercise their employment duties in mainland China. Announcement 16 will come into effect on 1 June 2012 and is applicable to employment income derived from this date.

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