Adjusting to a new place comes with a lot of fun adventures and, in China, it comes with an extra little (but very important) receipt called a fapiao. A fapiao is a legal receipt that serves as a proof of purchase in China. The Chinese government administers fapiaos as a way to prevent tax evasion. So, while these receipts are small in size, they play a massive role in your employees’ ability to claim assignment expenses as tax exempt. Emily Fang, our regional finance manager based in Shanghai, walks through everything you need to know about fapiaos in the video below.
If you have additional questions then why not speak to Plus Relocation at our next Bite Size Briefing. You can take a look at out Events to see when the next one is coming up.
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