According to a report by Caixin, whether losses incurred by Chinese investors trading US stocks and Hong Kong stocks can be deducted from taxes is currently not allowed to be carried over to the next year. For example, if you invest 1 million in stocks and earn 5 million in the first year, but lose 5.5 million in the second year, your principal will only remain at 500,000.
At this time, there is no tax to pay in the second year, but in the first year, a tax of 500*20%=1 million needs to be paid.
Lost money, but do I need to add an extra 500,000 on top of the principal?
I hope this policy will
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