China dey require 20% tax for income wey dem make from trading stock for abroad
China tax oga dem now require make pipo declare tax on money dem make from oversea stock trading, dem dey put 20% personal income tax wey pipo gats file next year. Any investor wey dey trade oversea stock gats report di profit and loss, wey fit cancel each other for di same tax year but no fit carry go next year. If pesin no follow di tax rules, back tax, late payment fine, plus wahala fit follow. Tax people go use Common Reporting Standard (CRS) make dem strong for check oversea income. Traders suppose make tax declaration correct for compliance matter.
Neutral
Dis palisi dey focus on tax wey dem go collect for overseas stock trading, no be crypto, so e no get much effect on how crypto market dey move. But as China dey try make sure say people dey report cross-border income well well and dem go improve how dem dey do report with CRS, e fit mean say dem go dey watch digital assets well well for long term. For now, crypto traders no get wahala, so e mean say effect go neutral.