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Thread: Tax impact of a US citizen working in China
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[quote=GUEST5378,413338] I've heard that foreigners except Germans and South Koreans needn't join China's social security system. So they needn't pay social security taxes. According to bilateral agreements, South Koreans can only pay for endowment insurance and Germans can pay for endowment insurance and unemployment insurance. However, the new social security act will be implemented on July 1st in 2011. According to it, all foreigners who work in Chins must pay social security taxes. If China signs bilateral agreements with their nations, the agreements have the final say. For reference only.[/quote]
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