【Breaking｜Extended Retroactive Taxation Period for Overseas Income】⚠

Caixin News:
🇨🇳 Mainland Chinese tax authorities can now retroactively assess taxes on residents' overseas income dating back to 2017 (previously generally believed to be about 3 years).

🔍 Key Information Breakdown:
• Since 2025, many individuals have received tax notices/reminders
• Require self-inspection of domestic + overseas income and to file and pay taxes accordingly
• Practical focus remains on the past 3 years (2022-2023)
• However, historical accounts are not excluded from further retroactive review

💡 What does this mean?
• Overseas investments / crypto assets / offshore accounts / foreign currency income
• Compliance is shifting from “reminder” to “enforcement”

• Those engaged in foreign trade will find it troublesome