In the News: Expat Tax Exemptions; New IPO Restrictions; and Virtual Assets Recognized

Sep 7, 2023
| By Clarence Lee
China announces that overseas taxpayers will be exempt from certain taxes until the end of 2027; China attempts to boost the secondary market by introducing a phased restriction on IPOs; and PRC People’s Court recognizes virtual assets as property despite crypto ban

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Falling cryptocurrencies (bitcoins, dogecoins, shiba coins, binance coins and other) Credit: Igor Faun/

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