China Overseas Chinese Network, January 1 ST Issue From January, these new regulations will affect the lives of overseas Chinese!
The new year is coming, and good things are coming!
With the opening of the 2019 prelude, a large number of new regulations have come.
Xiao Qiao packed it for everyone and wished everyone a happy New Year!
special focus
Major adjustment of passport policy for overseas China citizens.
Relevant policies were officially implemented on January 1, 2019.
After the adjustment, the scope of acceptance of overseas China citizens’ passport applications has been further expanded, the requirements for application materials have been further relaxed, and it will be more convenient for minors to apply for permits.
Immigrants also have to pay taxes.
On January 1, 2019, the new individual income tax law was officially implemented.
It stipulates that "individuals who have or have no domicile in China and have lived in China for 183 days in a tax year are’ tax residents’, and their income obtained in China and abroad is subject to personal income tax in accordance with the provisions of this Law."
Purchasing faces a maximum fine of 2 million yuan.
The Electronic Commerce Law of the People’s Republic of China came into effect on January 1, 2019. This is the first comprehensive law in the field of e-commerce in China.
The new law makes it clear that natural persons who engage in business activities of goods and services by means of WeChat friends circle and live webcast are also e-commerce operators, and those who engage in personal purchasing and Wechat business must also apply for industrial and commercial registration according to law, obtain relevant administrative licenses and pay taxes according to law.
According to this law, e-commerce operators will be strictly supervised in the future, and they will face a fine of up to 2 million yuan once they violate the rules.
The new anti-money laundering regulations of the central bank require 50,000 cash transactions to be reported.
The Administrative Measures for Anti-Money Laundering and Anti-Terrorist Financing of Internet Financial Institutions (Trial) came into effect on January 1, 2019.
According to the regulations, for the cash receipts and payments of customers with a single or cumulative transaction of more than RMB 50,000 (including RMB 50,000) and a foreign currency equivalent of more than US$ 10,000 (including US$ 10,000) on the same day, institutions other than financial institutions and non-bank payment institutions shall submit a large transaction report within 5 working days after the transaction.
A variety of anticancer drugs and raw materials for rare diseases are subject to zero tariffs.
The "Adjustment Plan for Provisional Import and Export Tax Rates in 2019" was released, which clarified that since January 1, 2019, China has imposed provisional import tax rates on 706 commodities, and no export tariffs will be imposed on 94 commodities in the energy resources industry.
Among them, pharmaceutical raw materials include a variety of anticancer drug raw materials and rare disease drug raw materials, and the provisional tax rate in 2019 is zero.
Increase the quota of commodities that can enjoy preferential import duties.
From January 1, 2019, China will adjust the tax policy for cross-border e-commerce retail imports, raise the upper limit of commodity quotas enjoying preferential tax policies, and expand the list.
The adjustment of tax policy will increase the annual transaction limit from 20,000 yuan per person per year to 26,000 yuan, and the camera will be raised with the increase of residents’ income in the future; Increase the limit of a single transaction to 5000 yuan.
Entry and exit
Foreigners transit five cities without visa.
Since January 1, 2019, five cities including Xiamen, Qingdao, Wuhan, Chengdu and Kunming have implemented the 144-hour visa-free transit policy for foreigners.
People from 53 countries, with valid international travel documents and a joint ticket to a third country (region) with a fixed date and seat within 144 hours, can enter the country without a visa from the relevant ports in the above cities, and stay in Xiamen, Shandong, Wuhan, Chengdu and Kunming for 144 hours without a visa.
Taxpayers who owe more than 100,000 yuan in taxes are restricted from leaving the country.
The Measures for the Information Publication of Major Cases of Tax Violations and Dishonesty came into effect on January 1, 2019.
The "Measures" stipulate that if a taxpayer fails to pay the tax payable and obstructs the tax authorities from recovering it by transferring or concealing property, the taxpayer’s tax credit rating will be directly judged as "D" if the amount of unpaid tax is more than 100,000 yuan (RMB).
For such taxpayers, the tax authorities will notify the entry-exit administration to prevent them from leaving the country.
Simplification of visa to Japan
On January 1, 2019, Japan began to implement the policy of further relaxing visas for Japanese students or Japanese tourists who have visited China many times in the past three years.
This time, the number of China student colleges and universities that will simplify the application procedures will be expanded from 75 to 1,243.
For Japanese tourists who have visited China twice or more on individual tourist visas in the past three years, the procedures for applying for multiple-entry visas have also been simplified.
New international regulations
Japan levies "exit tax"
From January 7, 2019, the "International Tourist Tax" of 1,000 yen (about RMB 60.7) will be levied on foreign tourists and Japanese when they leave the country.
Ukraine stopped handling landing visa.
Uzbekistan plans to implement the electronic visa policy for relevant countries from January 1, 2019, and stop handling landing visa at Borispol Airport, Kiev Airport (formerly Ruliang Airport) and Odessa Airport.
The Embassy of China in Uzbekistan suggested that citizens going to China should complete their visas in embassies and consulates in China in advance to avoid being blocked from entering the country.
New domestic regulations
The implementation of the new tax law attracts attention
The new tax law implemented on January 1, 2019, the threshold is adjusted to 5,000 yuan per month, and taxpayers with a monthly income of less than 5,000 yuan will no longer need to pay a tax.
In addition, taxpayers can also enjoy special additional deductions such as children’s education, continuing education, serious illness medical care, housing loan interest or housing rent, and supporting the elderly.
Social security will be uniformly collected by the tax authorities.
The "Reform Plan for the Collection and Management System of National Taxation and Local Taxation" clarifies that from January 1, 2019, various insurance premiums such as basic old-age insurance premiums, basic medical insurance premiums, unemployment insurance premiums, work injury insurance premiums, and maternity insurance premiums will be uniformly collected by the tax authorities.
The country officially provides mobile phone card off-site account cancellation service.
The Ministry of Industry and Information Technology requires China Mobile, China Telecom and China Unicom, three basic telecommunications companies, to officially provide mobile phone card off-site account cancellation services nationwide from January 1, 2019.
After that, mobile phone users can find the automatic account cancellation entrance through the apps developed by various telecom companies to complete the account cancellation.
Six national standards for electronic licenses issued
Previously, six national standards for electronic licenses were issued, and this series of standards will be implemented on January 1, 2019.
The standard stipulates the overall technical framework, unified license classification rules and basic information of electronic license application, which is helpful to promote the realization of "one network to run" nationwide, make the sharing of government information resources and services smoother, and make people feel more convenient.
The tax burden of venture capital individual partners will only decrease, not increase.
From January 1, 2019, venture capital enterprises registered in accordance with the law can choose to be accounted for by a single investment fund, and their individual partners will pay personal income tax at the rate of 20% on the equity transfer and dividends obtained from the fund; Or choose to calculate according to the annual income of venture capital enterprises as a whole, and the individual partner’s income from the enterprise is calculated according to the excessive progressive tax rate of 5%-35%.
The implementation period of this policy is tentatively set at 5 years.
Implementation of new driving regulations
According to the new driving regulations in 2019, each car needs to be bound to the owner, and only after being bound can it drive normally.
If the owner violates the rules, only the owner can go to the traffic control department for handling.
At the same time, the new driver’s license regulations have also been implemented since January 2019.
These include:
C1 quasi-driving models increased;
Owners can add points for their driver’s licenses by answering questions, reporting violations and keeping no violation records.
The conditions for applying for a driver’s license have been relaxed: the age limit for driving has been raised from 65 to 70, the number of people who check their driver’s license has been expanded to the disabled, and they can apply for a driver’s license in any area.
Is this still useful?
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(Source: China Overseas Chinese Network official WeChat, Author: Ma Xiuxiu, ID: qiaowangzhongguo)
