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Analysis: There are frequent notices of tax refunds for trading Hong Kong and US stocks, but the legal aspect of taxing overseas income is not sudden
Odaily News Since March this year, many Chinese residents who have invested in Hong Kong and US stocks have received notices from local tax authorities, prompting them to self-check their personal income at home and abroad and file tax returns in a timely manner. On social platforms, some taxpayers posted that they had completed the personal income tax payment for cross-border investment income at a 20% tax rate before June 30. Chinas global taxation has always had a legal basis. However, it is understood that compared with previous years, this years relevant tax and tax payment notices are more intensive and cover a wider range than in previous years, and the notification forms include text messages, phone calls, etc. (Zhitong Finance)
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