#Strategy加仓BTC Recently, I heard that the tax recovery period for overseas income has been extended back to 2017, which is a wake-up call for players trading on overseas platforms.

Let's clarify the logic here. Many people in the crypto circle buy and sell digital assets through overseas exchanges, and strictly speaking, these profits fall under the category of overseas income. Now that the tax recovery period has been pushed back to 2017, it means that the profits from overseas transactions over the past seven or eight years are now within the scope of regulation. Some used to think that "operations on overseas platforms are unregulated," but this policy essentially makes it clear—you are a tax resident in China, any overseas income must be voluntarily reported.

This isn't specifically targeted at the crypto circle, but the crypto industry’s overseas transactions happen to fall into the category of "overseas income." In other words, profits earned from overseas exchanges in the future can no longer be ignored; you must proactively review and declare them according to regulations. If you are caught underreporting later, you will face back taxes plus fines.

For users involved in crypto trading, this is a serious matter: review your overseas transaction records since 2017 and check for any unreported income. Don't expect regulators to miss it; their tracing and verification capabilities are now much stronger. Proactively self-auditing and reporting is definitely more reliable than being caught later.

Overall, this is a signal—the domestic authorities are tightening control over personal overseas income. The crypto industry, with its large volume of overseas transactions, must keep up with compliance. Paying taxes legally is the bottom line; don’t let your gains go to waste due to compliance loopholes. Early self-auditing and staying within the line is the wise choice for long-term participation in crypto trading.