Home  Contact Us
  Follow Us On:
Advertising Advertising Free Newsletter Free E-Newsletter

Chinese expats to be taxed at up to 45% on foreign income
Published on: 2020-07-23
Share to
User Rating: / 0

EXPATS 05Chinese citizens with foreign earnings were reeling yesterday from their government's announcement that it will be taxing their overseas income at up to 45%.

The Chinese authorities have begun tracking expats and enforcing tax filing--something they have not had to do in the past.

Although Beijing passed changes to its tax legislation early last year, the full effect of these has only just become apparent, with Chinese expats caught off-guard.

There are between 80,000 and 150,000 expat Chinese living in Hong Kong alone, most of whom would previously have had to remit around 15% of their income in taxes to the mainland government.

The new expat rules cover salaries, dividends, savings and property sales. There are more than 50 million Chinese expats around the world.

中国开始全球征税! 在不在中国居住, 都要缴税




Comments (0)Add Comment

Write comment

security code
Write the displayed characters

    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2021 BusinessTianjin.com. All rights reserved.