David Dingfa Liu, Partner and Tianxiao Jin, Associate at Fujae Partners in Shanghaidiscuss the newly passed Individual Income Tax Law. The law that will come in forceon January 1, 2019 would have a significant impact on taxpayers.
China's beneficial ownership rules have become stricter in some places and lenient in others while anti-avoidance provisions have become more explicit. This article reports on what non-tax residents need to know about the new rules.