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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 originalChina Life Trust and Haitong International Asset Management have entered into a strategic partnership. The two parties will collaborate by leveraging their respective professional strengths and resource endowments. The specific business directions and implementation arrangements for this cooperation have not yet been disclosed.
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 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 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.
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