Legislation roundup: Individual income tax, banking and insurance, and mining

January 23, 2020 | BY

Susan Mok

An individual's foreign business income may be combined with his domestic income, foreign parties may hold a controlling interest in wealth management companies and China opens up oil and gas mining.

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Tax

Ministry of Finance and State Administration of Taxation, Announcement on Individual Income Tax Policies Relating to Foreign Income

财政部、国家税务总局关于境外所得有关个人所得税政策的公告

A resident individual's integrated income sourced from outside China shall be