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Starting this year it will be for China. Not sure if you heard, but now all foreigners who live in China more than 6 months a year will have to pay tax on their
by owens99 8y ago
Starting this year it will be for China. Not sure if you heard, but now all foreigners who live in China more than 6 months a year will have to pay tax on their global income.
- prewett 8y agoI'm not sure this is correct. According to [1], foreigners have to pay tax on foreign income if you have live in China for 183 or more days in 6 consecutive years. And you can reset it by leaving the country for 31 or more days. However, foreigners do have to pay tax on foreign income of Chinese entities if they stay longer than 183 days. So don't invest large amounts in dividend-paying Chinese stocks if you plan on living in China long-term, I guess. [1] https://www.hrone.com/china-individual-income-tax-2019-impact-foreign-nationals/ https://www.hrone.com/china-individual-income-tax-2019-impac...
- owens99 8y agoThanks for this, you might be right. I will have to look into it more. If it's true then this is not so bad. Edit: Can you find a better source? All of the sources I find say that "it is not clear" if the 5-year rule and 30-day leave reset still applies. Therefore, one should plan for the situation that it does not apply anymore. [1] http://www.mondaq.com/china/x/777948/tax+authorities/Changes+In+Chinas+Tax+Law+Affect+Foreign+Nationals http://www.mondaq.com/china/x/777948/tax+authorities/Changes...