China Extends Retrospective Tax Review on Offshore Income to 2017

The assessment is primarily based on the direct, high-authority evidence from the Jiangsu Provincial Taxation Bureau. This official government source shows a 2024 revision of a 2017 corporate income tax form and lists a form for individual income tax credits on offshore income. The active administrative handling of 2017 tax forms in the present day, in conjunction with forms related to offshore income, provides strong, direct evidence that tax matters from 2017 are currently under review.This conclusion is reached despite a conflicting report from Bloomberg News, which states the review period is for 2022-2024. While Bloomberg is a highly authoritative source, its report is secondary information and critically notes that the State Taxation Administration has not officially commented. In contrast, the information from the Jiangsu Tax Bureau is primary evidence of an official government process. The existence and current revision of a 2017 tax form is a concrete administrative action that directly supports the inclusion of that year in tax reviews.Other provided sources are either too general, irrelevant, or circumstantial to significantly influence the assessment. For instance, reports of tax crackdowns on streamers or companies confirm active tax enforcement but do not speak to the specific claim about a retrospective review of offshore income to 2017. The evidence from the State Administration of Foreign Exchange provides relevant context but no specific timeline. Therefore, weighing the direct primary evidence from the tax authority against the secondary, unconfirmed news report, the statement is assessed as likely true with high confidence.