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Offshore Assets
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Beijing tax authorities have published notices for 21 individuals
China's tax offices are stepping up oversight and issuing disclosure orders for offshore assets following the expiration of the country’s 90-day grace period for reporting offshore trusts last Thursda
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Analysts: China's offshore wealth tax campaign may expand to overseas properties and inheritances
According to analysts, Beijing's recent push to tax its citizens' offshore wealth, including a 20% income tax on offshore trusts imposed in July, is likely just the initial phase of a broader campaign
-
Beijing tax authorities have published notices for 21 individuals
China's tax offices are stepping up oversight and issuing disclosure orders for offshore assets following the expiration of the country’s 90-day grace period for reporting offshore trusts last Thursda
-
Analysts: China's offshore wealth tax campaign may expand to overseas properties and inheritances
According to analysts, Beijing's recent push to tax its citizens' offshore wealth, including a 20% income tax on offshore trusts imposed in July, is likely just the initial phase of a broader campaign
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Offshore Assets
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