China Extends Retrospective Tax Review on Offshore Income to 2017

China’s tax authority urged residents to review and properly file overseas income for 2022–2024, as part of an ongoing retrospective regime covering offshore income declarations dating back to 2017. Officials can recover unpaid taxes and penalties within three years and will penalize tax evasion. The effort aims to deter cross-border tax avoidance and safeguard national tax interests.

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