China’s tax authorities are tightening personal income tax law by extending the dragnet to income earned globally, with employees of state-owned enterprises based in Hong Kong first to feel the pinch, according to people involved in the matter.SOE workers hired in the mainland and expatriated to the city received a directive this week to declare their 2019 salaries and make up any shortfall caused by the different tax rates in the two regions, they said, declining to be identified because of…
from South China Morning Post https://www.scmp.com/business/china-business/article/3092437/china-extends-tax-dragnet-worldwide-income-state-employees
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Thursday, July 9, 2020
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China extends tax dragnet to worldwide income, with state employees in Hong Kong first to feel the pinch
China extends tax dragnet to worldwide income, with state employees in Hong Kong first to feel the pinch
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