State Taxation Administration Discloses Over 120 Billion Yuan in Individual Income Tax Collected from Offshore Trusts in October

Date2026.11.11

LocationChina

Fact statusReported

Importance IV ●●●●●

Verification Reported · 1 Sources

On November 11, the State Taxation Administration disclosed that the actual individual income tax collected from offshore trusts in October exceeded 120 billion yuan, driving a year-on-year increase of nearly 90% in national individual income tax revenue for that month. Currently, cumulative declarations have exceeded 160 billion yuan.

Evidence EVIDENCE

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李老师不是你老师

2026-11-12 13:34 · 10月离岸信托个税实收超1200亿元，带动全国当月个税收入同比增长近90%，国家税务总局称将对未如实申报者立案稽查。

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Context CONTEXT

Cause

Original event Ministry of Finance and State Taxation Administration Release Announcement No. 21

2026.07 ·Reported ·Importance II ·China

Original event Ministry of Finance and State Taxation Administration Announce New Rules on Tax Clearance for Offshore Trusts

07.24 ·Reported ·Importance III ·China

Original event Tax Administration Reminds Taxpayers to Complete Transition-Period Filing and Tax Payment Before October 22

10.19 ·Reported ·Importance III ·China

Original event China’s State Taxation Administration Issues Q&A on Individual Income Tax Policy for Offshore Trusts

10.19 ·Verified ·Importance IV ·China

This event State Taxation Administration Discloses Over 120 Billion Yuan in Individual Income Tax Collected from Offshore Trusts in October 2026.11.11 · Reported

Effect Not recorded yet

Coverage of this event COVERAGE

Sayings · 2026-11-12 13:20 Offshore trust individual income tax revenue exceeded 120 billion yuan in October, driving a nearly 90% year-on-year increase in national monthly individual income tax revenue; the State Taxation Administration stated it will open investigations into those who failed to declare truthfully.

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