Sheldon Fu

Lawyer

Fluent in: Mandarin

Practices

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International Tax | 12 Sep 2023

Windfall Gains Tax is now live / 意外增值税(暴利税)制度

First announced on 15 May 2021 and then delayed 12 months, the Windfall Gains Tax commenced on 1 July 2023. Here is a refresher of how the WGT will apply, how much it will be, the relevant exemptions and our observations.