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

Date2026.07

LocationChina

Fact statusReported

Importance II ●●●●●

Verification Reported · 1 Sources

The Ministry of Finance and the State Taxation Administration released Announcement No. 21; videos claim the announcement involves tax measures on offshore trusts.

Context CONTEXT

Cause Not recorded yet

This event Ministry of Finance and State Taxation Administration Release Announcement No. 21 2026.07 · Reported

Effect

Follow-up Reuters reports that some Chinese property developers are unable to pay back taxes, and some have revoked offshore trusts they had just set up

10.16 ·Reported ·Importance III ·China

Follow-up Tax Administration Reminds Taxpayers to Complete Transition-Period Filing and Tax Payment Before October 22

10.19 ·Reported ·Importance III ·China

Follow-up China’s State Taxation Administration Issues Q&A on Individual Income Tax Policy for Offshore Trusts

10.19 ·Verified ·Importance IV ·China

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

11.11 ·Reported ·Importance IV ·China

Caused Financial Times Reveals Beijing Is Tracing Offshore Wealth on a Massive Scale

10.07 ·Reported ·Importance III ·Beijing

Includes

China's Ministry of Finance and State Taxation Administration Require 20% Tax on Offshore Trust Income

07.24 ·Official claim ·Importance V ·China