Recommending content for your employee handbook includes:
Pension and Residency Status
Till your presence is related to a Work & Residence Permit your status is subject to employment as well as an age limit to land that very permit. Once leaving, the foreign employee can only claim back the personal contribution part which refers to the Pension insurance fund.
ForChina Labor Law whenever a contract is left expiring without providing arenewal for the same or an higher wage to the employee, that situation isdeemed exactly as a mutually agreed termination to be compensated with averagemonthly wage*each year spent in the company.
It is widely understood that housing allowances for foreign employees are to be considered as tax deductible.Practical Guidelines actually forbid taxdeductible arrangements for housing allowances paid as part of the monthly salary. The only workable solution in order to have that right granted and comply with the Tax Authorities’ provision is to handle that payment asreimbursement after presenting an official FAPIAO.
After presentations, the panelists discussed and answered attendees’ questions in the Q&A section.
The seminar came to an end with delicate tea break and valuable networking. AustCham received lots of positive feedbacks and we are willing to hold more informative seminars and keep bringing value to our audiences.