28 Oct '11, 7am

China admits jumping gun on new foreigners' tax

China admits jumping gun on new foreigners' tax

BEIJING - A Chinese official admitted on Friday that they had jumped the gun on a new tax on foreign workers mandating they pay social security contributions before the government had worked out exactly how the system would be implemented. But Xu Yanjun, deputy head of the Ministry of Human Resources' National Social Security Management Center, said there would be no going back on the scheme, despite concerns in the business community it will push up already rising costs. "Local government have not made full arrangements yet for receiving the payments or registering people, that is the case," he told a news briefing. "Maybe the legislation process has delayed the implementation ... Local governments have had some difficulty implementing the measures at an operational level. It will take time." Local tax authorities have been asked to get the system running by the end of th...

Full article: http://www.asiaone.com/News/Latest%2BNews/Asia/Story/A1St...

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