Beijing clarifies offshore trust tax rules, exempting Hong Kong MPF accounts
新聞摘要
以下為來源提供的節錄，完整報道請查看原文。
China’s finance ministry on Friday clarified the enforcement details of its offshore trust tax, officially excluding Hong Kong pension fund accounts held by mainland Chinese and providing detailed calculation methods for publicly traded Hong Kong stocks and stakes in non-listed firms.
The move comes after Beijing’s trust tax circular on July 24 sparked widespread concern among wealthy Chinese families, including some who reportedly had to sell stakes in listed firms to raise cash.
The move comes after Beijing’s trust tax circular on July 24 sparked widespread concern among wealthy Chinese families, including some who reportedly had to sell stakes in listed firms to raise cash.