Chinese HNWIs should heed the new tax clearance requirements and the revision to the definition of ‘tax resident’ in China’s individual income tax (IIT) reform, according to tax specialists. On 29 June, the People’s Republic of China (PRC) released the draft of the IIT reform. Together with a series of subsequent additions and amendments, the new rules have raised concerns amongst local…
Individual income tax reform could ‘notably impact’ Chinese HNWIs
16 November 2018
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