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#5  Nov 09, 2012    email version


How to Pay the Individual Income Tax for Economic Compensation for Departure


Mr. Shi got the economic compensation for departure of 600,000 USD from the company. The Agreement for the Termination of Labor Contract has stated clearly that Mr. Shi should be responsible for the individual income tax for economic compensation for departure. The individual income tax was deducted at the issuance of economic compensation by the company. How to Pay the Individual Income Tax for Economic Compensation?

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