Stronger publicity and policy guidance by tax agencies lifted compliance among residents with offshore earnings, Yicai reported, underscoring a tighter focus on cross-border individual income reporting.
China collected about 13 billion yuan in back taxes from January to May as tax agencies stepped up publicity and policy guidance on residents' overseas income, according to Yicai. The report said compliance improved markedly among individuals earning income abroad, highlighting a stronger push to enforce cross-border personal tax reporting and payment obligations.