Wealth Updates · Monthly Report
WeChat claim entry is being prepared · QR code coming soon
Once the official WeChat account is ready, it will be announced here, and you can view the claim method.
View WeChat entry instructionsWealth Updates
Leave your email to request occasional delivery of our report on Hong Kong wealth management.
Leave your emailRegulatory authorities have issued a tax reclamation announcement, shattering the tax avoidance shell of trusts. Some Chinese tycoons are urgently paying back taxes in response to the requirements, even raising funds by selling off assets.
Read originalThe transition period for offshore trust tax filing ends on October 22. Late fees will be imposed for overdue filings.
Read originalA 2% tax is being pursued on offshore trusts, involving 8 tycoons including Lei Jun and Ding Lei with over HK$1 trillion in assets. This tax policy may trigger a chain reaction of asset sell-offs by the involved tycoons.
Read originalThe transition period for offshore trust tax declarations will end on October 22, and late fees will be charged to entities that fail to complete declarations by the deadline.
Read originalThe deadline for tax collection from the wealthy is approaching. Relevant commentary believes that this tax collection measure is killing the goose that lays the golden eggs.
Read originalThe State Taxation Administration has issued a reminder regarding offshore trust tax filing. This reminder was published by Beijing News, and further specific filing requirements, scope of application, and other details have not been disclosed at this time.
Read original22 October is the deadline for individual income tax filing on overseas income in mainland China, and some Chinese high-net-worth individuals are currently raising funds by disposing of assets to settle back tax payments. This matter relates to mainland China's individual income tax administration on overseas income and the CRS information exchange mechanism.
Read originalThe deadline for individual income tax declaration on overseas income is approaching on October 22, and Chinese wealthy are "cutting flesh" to pay back taxes. This report comes from Canada News Network and does not mention specific back tax amounts, details of applicable rules, or information on relevant regulatory authorities.
Read originalAs the tax back-payment deadline approaches, Chinese high-net-worth individuals are selling off assets and trust products. This development was disclosed by ATV News, and specific rule details and enforcement requirements for this back-payment have not yet been announced.
Read originalAccording to Lianhe Zaobao reports, Chinese ultra-high-net-worth individuals are terminating offshore trusts and raising funds to address tax collection. Details regarding the specific scale of trusts involved, tax collection policy specifics, and relevant enforcement departments have not yet been disclosed.
Read original
