Important: Zhejiang Yi-Jiang Wu, starting to supplement taxes this week.
There are businesses with annual sales of less than 5 million, supplement 1%. For annual sales above 5 million, supplement 13%. Cross-border businesses can issue invoices from abroad, counted as foreign trade. If cross-border businesses do not have proper invoices, they must also supplement 13%.
In theory, the whole country plays by the same rules, there should not be any tax collection loopholes. Securities accounts opened overseas, for trading Hong Kong and US stocks, tax payments started this year. Online stores are being checked rigorously for taxes, and penalties are also very strict. This round of opportunities for internet wealth has come to an end…
💰 Golden Tax Phase IV + CRS, a significant direction for the country.
Data transparency means that we cannot escape taxes on overseas income from Hong Kong and US stocks, as well as data from crypto exchanges, not a penny can run away in the future.
Looking at it this way, 🇭🇰 HK insurance policies are truly good assets for reasonable tax avoidance.
Dear chairpersons, please contact our team of tax experts as soon as possible.