Korean companies may further reduce China social insurance costs for assignees working in China
Korean companies may further reduce China social ...
China Tax Alert - Issue 2, January 2013
The Chinese government has taken an important step to align social insurance contributions with international practice, in order to avoid double contributions. A Social Security Treaty (’the Treaty’) has been concluded between the People's Republic of China and the Republic of Korea.
To benefit from the Treaty, Korean companies should review the social insurance participation of their assignees working in China in a timely manner and arrange to obtain and submit the required documents to the authorities.