BlockBeats News: On January 15, according to the First Financial Daily, it has recently been learned from multiple sources that the tax authorities have extended the period for retroactively collecting taxes on overseas income for mainland Chinese tax residents. The earliest period subject to retroactive taxation can be traced back to 2020, and in some cases even to 2017. Since 2025, many tax residents have received notices and reminders from tax authorities, urging them to self-examine their domestic and overseas income and promptly file tax returns. The retroactive tax collection primarily covers the past three years, mainly 2022 and 2023.
China's Tax Authorities Extend Tax Reconciliation Period for Overseas Income to 2017
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Summary
As reported in the latest cryptocurrency news, China's tax authorities have extended the tax reconciliation period for overseas income to 2017. Tax residents have been notified to review both domestic and foreign earnings, with a particular focus on the years 2022 and 2023. Starting in 2025, officials are urging timely tax declarations. The cryptocurrency news update highlights the expanded scope, which now includes income dating back nearly a decade. Tax departments are encouraging self-inspection to ensure compliance.
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