This blog is a safe space for those who identify as demigirl, demiboy, demienby, demigender demiflux, or demifluid, and aims to create a safe, supportive environment for us. We strive to provide support and advice for all members of the community who need it. Our goal is to help the community feel more safe and validated.
Individual income tax finalization for foreigners in China. By Eunice Ku. Jan. 14 â Individual income tax (IIT) is normally withheld from wages or salaries by employers and paid to the tax authorities on a monthly basis (within 15 days of the end of each month).
VAT is an indirect tax, in that the tax is collected from someone other than the person who actually bears the cost of the tax (namely the seller rather than the consumer).As VAT is intended as a tax on consumption, exports (which are, by definition, consumed abroad) are usually not subject to VAT or VAT is refunded.VAT was invented by a French economist in 1954.n this way, the total tax levied at each stage in the economic chain of supply is a constant fraction of the value added by a business to its products, and most of the cost of collecting the tax is borne by business, rather than by the state.