Tax Authority Reminds Offshore Trust Taxpayers to File Individual Income Tax by October 22
The State Taxation Administration issued a reminder on October 19 that taxpayers with offshore trusts must complete their individual income tax declaration and payment for offshore trust income by October 22. No late payment penalties will be imposed if this is done within the transitional period. An announcement issued by the Ministry of Finance and the State Taxation Administration on July 24, 2026, provides a 90-day transitional period; late declarations will incur late payment penalties.
State Taxation Administration Reminds Offshore Trust Taxpayers to File Individual Income Tax by October 22
The State Taxation Administration issued a reminder on October 19, stating that offshore trust taxpayers must complete the filing and payment of individual income tax on offshore trust income by October 22. No late payment surcharges will be imposed for filings completed during the transitional period.
The "Announcement on Matters Concerning Individual Income Tax for Offshore Trusts," issued by the Ministry of Finance and the State Taxation Administration on July 24, 2026, grants taxpayers a 90-day transitional period. Late filings will incur late payment surcharges. Tax authorities will continue to provide tax guidance and filing services.
State Taxation Administration
https://www.chinatax.gov.cn/chinatax/n810214/c102374/c102375d/c5253047/content.html