A 90-day grace period allows wealthy individuals to settle back taxes, as multilayered structures and foreign passports will no longer offer a shield
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China’s wealth management industry is scrambling to assess the impact of new regulations that target longstanding loopholes for offshore trusts.
The rules clarify how personal income tax applies at the establishment, operating and liquidation stages of offshore trust…
China launches crackdown on offshore trusts, imposing a 20% tax on investment gains and requiring multi-year financial…
China's new tax regulations taking effect on Friday will impose taxes on offshore trusts and their associated incomes. A twenty…
The move closes a loophole used by wealthy families for asset protection and succession planning. Read more at…
Beijing’s new tax rules aim to close loopholes and boost fiscal revenue amid slowing economic growth and rising fiscal burdens.
Chinese tax residents have to pay 20% on the net profit earned from stock trades made during the calendar year
