Hong Kong Insurance Councillor Chen Pui-leung: Rumors of overseas policy taxation are related to the implementation of CRS have not yet been officially reported

In response to recent rumors that "the mainland imposes a 20% personal income tax on overseas policy income", Chen Pui-liang, a member of the insurance sector of the Hong Kong Legislative Council, replied that the discussions are mainly related to the tax "Common Reporting Guidelines"(CRS) and personal overseas income declaration arrangements. As of now, no formal policy documents or implementation details have been received from relevant departments, and relevant information has come from news reports. (News from Wall Street)