Payroll is the sum total of all compensation a business must pay to its employees for a set period of time or on a given date. Payroll can also refer to the list of employees of a business and the amount of compensation due to each of them.
China’s payroll system includes numerous associated statutory regulations. Failure to comply with payroll statutes can lead to costly penalties. Employers have a responsibility to withhold income tax from employees and report those taxes before the 15th of each month.
Remote Payroll
A remote payroll in China is where a foreign company, i.e. a nonresident company, payrolls a resident employee in China. A remote payroll in China is where a foreign company, i.e. a nonresident company, payrolls a resident employee in China. The only option for a nonresident company to payroll its employees (local and foreign) in China is to use a fully.
Internal Payroll
Larger companies with a commitment to China may wish to run their own local payroll for all employees, foreign and local. In order to accomplish this, they will have to complete incorporation, register the business and then hire the necessary staff.
Local Payroll administration
In some cases, a company will register their business in China under one of the forms available, (RO, WFOE or JV) but prefer to have another company administer its payroll. This can be accomplished through a payroll provider. It is important to note that the company, as the Employer of Record, is still fully responsible for compliance with employment, immigration, tax and payroll regulations.
Fully outsourced Payroll & Employment
Companies can outsource the employment and payroll of their staff in China to a GEO. This is possible for both foreign workers and Chinese nationals. This is the easiest, fastest and safest way to payroll staff in China.
Contact Us
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com.
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