The Year of CRS Implementation! Global Asset Allocation is Imminent
Time: 2018/3/2 (Friday) 14:00-17:00
Appointment Consultation: 400-138-2929
Address: 7th Floor, Tower 1, Century Link Plaza, 1198 Century Avenue, Pudong, Shanghai
2017 was the inaugural year of CRS, and 2018 is the first year of its full implementation. With the arrival of 2018, the countdown to China's first implementation of the Common Reporting Standard (CRS) for the exchange of financial account tax information in September 2018 has begun. There is truly little time left for high-net-worth individuals to address global taxation under CRS.
Simply put, the exchange of tax-related financial information under CRS means that in the future, account information of foreign tax residents in China will be collected by China and submitted to their respective home country's tax authorities; conversely, information on accounts held by Chinese tax residents abroad will be collected by foreign tax departments and submitted to Chinese tax authorities. This means that Chinese tax authorities will be able to obtain information from foreign financial institutions regarding how much assets Chinese high-net-worth individuals have overseas and how much money they have deposited in banks.
The first year of CRS implementation has arrived, and the overseas asset information of high-net-worth individuals is becoming increasingly transparent. How to plan tax residency status and avoid the disclosure of global asset allocation information has become an urgent matter!
With 21 years of professional experience, Worldway Immigration Group selects the highest-quality investment immigration projects for investors. Beyond helping realize the dream of investment immigration, we assist investors in rationalizing overseas asset allocation and tax planning, sparing no effort to protect our clients' interests! We provide meticulous service on your journey to "plan your life and build a second home."
