Daily Market Updates: China eases uncertainty over offshore trust taxes before grace period ends

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China eases uncertainty over offshore trust taxes before grace period ends

Reported · Written up by our desk · North America

China’s tax authorities are accepting reasonable explanations when enforcing new rules on offshore trust gains, according to an executive who says their appeal was successful, offering some reassurance as a 90-day grace period expires on Thursday. The approach appears to be translating into greater clarity from regulators. Earlier this week, the State Taxation Administration published a question-and-answer series that suggested Beijing was implementing the rules in line with international...

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SCMP EconomyChina eases uncertainty over offshore trust taxes before grace period ends

Global Markets

China eases uncertainty over offshore trust taxes before grace period ends

More like this

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