taxation for high net worth individuals
Both Chinese tax residents and non resident individuals may have tax obligations under Chinese tax laws. According to the arrangement of China's tax system reform, the direction of China's personal income tax reform in the future is to establish a comprehensive and classified personal income tax system. By improving the ability to obtain tax related information and punishing natural person taxpayers, tax authorities are gradually building a natural person tax collection and management system with a focus on high-income individuals.
In addition, high net worth individuals are increasingly paying attention to investing and asset allocation globally due to the need for asset safety and value preservation and appreciation. The Chinese government has already promised at the G20 level to implement the OECD's "Automatic Exchange Standards for Tax Related Information in Financial Accounts". This means that CRS will soon land in China. It is particularly important for high net worth individuals to understand the impact of CRS on themselves in advance and adopt effective response strategies based on their own asset allocation situation.
The high net worth individual income tax team of Answer Law Firm will provide professional services related to personal tax matters for both resident and non resident individuals, as follows:
*Financial and tax advisors for high net worth individuals* Tax compliance consulting and tax planning for the transfer of equity of natural person shareholders* Employee compensation and incentive plan planning* Tax matters related to tax transparency entities such as partnerships* CRS related tax consultation* Foreign personal tax advisor.
案例展示
Provide tax consulting services for the foreign legal representative of an investment company established within the territory of an Arab sovereign fund regarding personal income tax in China;
Provide an expert analysis report on individual income tax related to equity incentives for executives of an education group, analyzing the tax burden comparison of different schemes;
Provide tax consulting and employee shareholding platform personal income tax planning services for a US company acquiring a domestic technology company, and reasonably reduce tax burden;
Provide a tax compliance plan for an employee shareholding platform for an artificial intelligence company in Beijing to achieve tax burden optimization;
Provide an optimization plan for employee salary and tax burden for a technology company in Beijing, and reasonably optimize employee tax burden under the premise of social security compliance;
Provide tax compliance management services for a film and television company in Beijing, standardize the cost and expense management of the production team, and achieve personal income tax compliance for film and television project performers;
Provide a personal income tax compliance management plan for a certain film and television cultural media company to achieve personal income tax compliance for contracted artists and anchors.