Shanghai preview

China

The only tax category expats likely need to pay close attention to while living in Shanghai is the individual income tax (unless you purchase a home or car, which will be taxed). Income tax is imposed on a sliding scale. For those living and working in Shanghai for less than one year, you’ll be liable for individual income tax (IIT) on your earnings in China. If you stay for more than a year, your worldwide earnings will also be taxed in China. China currently has signed the Double Taxation Preventi…