Caixin: The action to recover taxes on overseas income has been ongoing for a year.

Caixin reported that recently, many individuals engaged in U.S. stock trading have received reminders from local tax authorities, urging them to self-check for foreign income and actively declare and pay taxes. Most of the clients required to declare have over one million dollars in funds. The local tax authorities’ actions to recover taxes on foreign income have been ongoing for a year, primarily targeting investment income abroad, such as Interest and dividends. Most of the cases being pursued are for income from 2022 to 2024, and there have yet to be cases where the collection period exceeds five years.