What exactly is the “Fourth Phase of Golden Tax” that is hotly debated by the people? What are the implications for individuals and businesses?

Recently, as soon as the news came out that the fourth phase of the Golden Tax will be completed by the end of the year, the importance of tax planning has been discussed in the immigration circle. So, what exactly is the "Fourth Phase of Golden Tax"? What impact will it have on individuals and enterprises? Let's look down~ What is the Fourth Phase of Golden Tax? The Fourth Phase of Golden Tax is the fourth phase of the Golden Tax Project Plan implemented by the state. Issue is an upgraded version of the third issue. The fourth phase of the Golden Tax will first build a personal income tax cloud platform, and integrate taxpayer identities from different departments, including all income data of individuals, units, families, etc., to create a "one-person file" for individual taxpayers across the country. In a word, in the past it was all about "people looking for numbers", now it is all about "numbers looking for people". With the official launch of the fourth phase of the Golden Tax, this time it is not just taxation, but "non-tax" business is also included, and more comprehensive monitoring of the business must be carried out. At the same time, a channel for information sharing and verification has been established between participating institutions such as ministries and commissions, the People's Bank of China and banks, and the three major functions of checking the mobile phone numbers of relevant company personnel, corporate tax status, and corporate registration information have been implemented. and the impact on enterprises. After the fourth phase of the Golden Tax goes online, more data on enterprises will be mastered by the tax bureau, and monitoring will also be all-round and three-dimensional. The country must achieve accurate classification from "managing taxes with tickets" to "governing taxes with numbers" Regulatory shifts. In the next step, the new tax collection management system will make full use of new generation information technologies such as big data and artificial intelligence to achieve smart taxation and smart supervision. The data of various departments are shared, and supported by big data, a nationwide "data portrait" of the entire business and process of each market entity is achieved. In the future, every enterprise will be transparent in front of the tax department. With the launch of the fourth phase of the Golden Tax, the next step for high-net-worth individuals is the establishment of natural person tax identification numbers and the introduction of anti-tax avoidance provisions for the first time in the new personal tax, making personal asset income and expenditure more transparent. After the fourth phase of the Golden Tax goes online, the monitoring of funds will be more stringent, especially for personal card transactions! In one sentence: After the fourth phase of the Golden Tax goes online, the monitoring of taxpayers can be explained by the "four completes". Direction, full business, full process, full intelligence. The Necessity of Tax Planning Facing the launch of the fourth phase of the Golden Tax, in the foreseeable future, asset information and tax information will be "streaking", and there will be no privacy at all. High-net-worth individuals need to fully consider the impact of global taxation on wealth and family, and make corresponding tax planning plans as early as possible. To change your tax-related status, the first thing you need to do is to have an identity in a non-global taxing country. A non-global taxing country implements a "0" tax policy for its citizens' overseas income. They can not only enjoy more privacy in banking and investment, maximize asset protection, but also purchase overseas real estate and insurance. 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