New individual tax changes in China

Michael Olesnicky of KPMG

Sep 17, 2018

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In June this year, the Chinese government announced much-anticipated revisions to the country's individual income tax laws. KPMG Partner and Senior Advisor Michael Olesnicky says that these new revisions will likely have 'profound implications' within the wealth management community in Asia. Hubbis CEO Michael Stanhope recently spoke with him about these changes, and about what some of their implications will be on Asia's wealth management community and its clients - Chinese residents with offshore wealth structures, as well as expatriates in China.

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1. What have been the recent income tax changes in China?

2. What are the changes?

3. What are some of the implications for expats?

4. What are the implications for people with offshore structures?

5. Are there any exit taxes for people emigrating?

6. What do people in the wealth management community in Hong Kong have to focus on at this time?

Video transcript

1. What have been the recent income tax changes in China?

2. What are the changes?

3. What are some of the implications for expats?

4. What are the implications for people with offshore structures?

5. Are there any exit taxes for people emigrating?

6. What do people in the wealth management community in Hong Kong have to focus on at this time?

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