Ministry of Finance and State Taxation Administration Announce New Rules on Tax Clearance for Offshore Trusts
Date2026.07.24
LocationChina
Fact statusReported
ImportanceIII ●●●●●
VerificationReported · 2 Sources
The Ministry of Finance and the State Taxation Administration issued an announcement on July 24 stating that individuals who have obtained foreign nationality or permanent residency abroad but whose principal economic interests come from within China may be recognized as Chinese tax residents, and that upon converting to non-resident status they must carry out tax clearance on gains from offshore trusts.
Ministry of Finance and State Taxation Administration Announce New Rules on Tax Clearance for Offshore Trusts The Ministry of Finance and the State Taxation Administration issued an announcement on July 24 stating that individuals who have obtained foreign nationality or permanent residency abroad but whose principal economic interests come from within China may be recognized as Chinese tax residents, and that upon converting to non-resident status they must carry out tax clearance on gains from offshore trusts.