State Administration of Taxation, Circular on Earnestly Strengthening the Administration of the Levy and Collection of Individual Income Tax on High-income Earners
国家税务总局关于切实加强高收入者个人所得税征管的通知
SAT checks on investment income of high-income earners.
Issue: May 2011
CLP Reference: 3230/11.04.15
Promulgated: 15 April 2011
Keywords (click to search):
high-income earners
individual income tax
Issued: April 15 2011
Main contents: The Circular stipulates that the levy and collection of individual income tax on high-income earners shall be strengthened in the following areas:
(1) Income derived from the transfer of property:
(i) to strengthen the administration of levy and collection of income derived from the transfer of equity in private companies by individuals;
(ii) to strengthen the administration of equity obtained from external investment by individuals; and focus on the regulation of activities involving tax that are conducted by listed companies prior to listing such as share capital increase, transfer of equity and investment by strategic investors; and
(iii) to strengthen the administration of levy...
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