Tax
Ministry of Finance and State Taxation Administration, Announcement on Matters Relevant to Individual Income Tax on Offshore Trusts
财政部、税务总局关于离岸信托个人所得税有关事项的公告
Legislation Roundup: Tax on Offshore Trusts, Small-Scale Personal Information Handlers, and Insider Trading Regulation
Tax-resident individuals are required to pay tax on their offshore trusts. Transfers of personal information of less than 100,000 persons may enjoy simplified procedures. Regulation of insider trading is tightened up.
By Susan Mok