What does it mean that China's tax authorities are speeding up efforts to tax cryptocurrency companies and individuals?
wublock.substack.com
Written By: Colin Wu The whale told WuBlockchain that since the beginning of 2022, a local tax department asked for an audit of its personal income tax. There are many people and a detailed list of the whales that have been inspected. The procedure has been going on for nearly a year, but it has not yet been finally concluded and the final results of the audit have not yet been produced. This whale has cashed out about tens of millions of yuan. In early 2022, some major domestic exchanges also provided extensive detailed information about the transactions of some of the whales to the tax authorities. Interpretation of tax related personage: The tax rate of property transfer income in personal income tax is 20% of personal profit/income, in the above specific cases, it should be 20% of the income from the fund.
What does it mean that China's tax authorities are speeding up efforts to tax cryptocurrency companies and individuals?
What does it mean that China's tax…
What does it mean that China's tax authorities are speeding up efforts to tax cryptocurrency companies and individuals?
Written By: Colin Wu The whale told WuBlockchain that since the beginning of 2022, a local tax department asked for an audit of its personal income tax. There are many people and a detailed list of the whales that have been inspected. The procedure has been going on for nearly a year, but it has not yet been finally concluded and the final results of the audit have not yet been produced. This whale has cashed out about tens of millions of yuan. In early 2022, some major domestic exchanges also provided extensive detailed information about the transactions of some of the whales to the tax authorities. Interpretation of tax related personage: The tax rate of property transfer income in personal income tax is 20% of personal profit/income, in the above specific cases, it should be 20% of the income from the fund.