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[State Taxation Administration Reminds Offshore Trust Taxpayers to File Individual Income Tax Returns by October 22]

According to the official website of the State Taxation Administration, the Administration issued a notice reminding offshore trust taxpayers to declare and pay individual income tax on offshore trust income before the end of the October 22 transition period. No late-payment surcharge will be imposed on declarations and tax payments completed during the transition period. In accordance with the Announcement on Matters Concerning Individual Income Tax on Offshore Trusts (July 24) issued by the Ministry of Finance and the State Taxation Administration 2026 Year No. 21), offshore trust taxpayers must declare and pay tax on offshore trust income. The Announcement grants taxpayers a 90-day transition period, during which tax authorities will provide tax guidance and tax-handling services.