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CN Offshore Trust Income Tax Transition Period Ends; Total Declarations Exceed RMB160B
2026-11-11 16:46:27 The transition period for the taxation policy on offshore trust income has now concluded smoothly, Chinese media reported, citing the State Taxation Administration. The vast majority of taxpayers actively cooperated, with cumulative declarations of personal income tax related to offshore trust income exceeding RMB160 billion, of which more than RMB120 billion was collected in October alone, driving national personal income tax revenue spike of nearly 90% YoY in October. ~ AASTOCKS Financial News Website: www.aastocks.com | |