Govt targets foreign fat cats dodging taxes

The national tax authority is vowing to strengthen its collection procedure of personal income tax to catch evading high-salary foreign residents.

In particular, the authority plans to tighten up checks on individual incomes earned by foreigners in the Chinese mainland but paid by overseas agencies, according to the latest announcement of the State Administration of Taxation. To achieve this, they will cooperate with banks and foreign exchange control departments directly.

Close connections will also be made with the entry-exit administration bureau, since exact dates on the movement of foreigners are needed when imposing taxes on those who leave the country.