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Analysis: Intensified Tax Notices for Trading Hong Kong and US Stocks, Overseas Income Taxation Not Sudden on Legal Front
Summary: Since March this year, many Chinese residents investing in Hong Kong and US stocks have received notices from local tax authorities, prompting them to self-check their domestic and foreign income and promptly file tax returns. Some taxpayers have shared on social media that they have already completed the personal income tax payment for cross-border investment ...
Since March this year, many Chinese residents investing in Hong Kong and US stocks have received notices from local tax authorities, prompting them to self-check their domestic and foreign income and promptly file tax returns. Some taxpayers have shared on social media that they have already completed the personal income tax payment for cross-border investment income at a 20% tax rate before June 30. Global taxation in China has always had legal basis. However, it is understood that compared to previous years, this year's tax and supplementary tax notices are more intensive and widespread, with notifications including SMS, phone calls, etc. (Zhixin Finance)
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Link: Analysis: Intensified Tax Notices for Trading Hong Kong and US Stocks, Overseas Income Taxation Not Sudden on Legal Front [Copy]
