On July 24, 2026, the Ministry of Finance and the State Taxation Administration issued an announcement clarifying that residents must declare and pay personal income tax on assets placed into offshore trusts and on income earned during the trust's existence, at a rate of 20%.
Evidence EVIDENCE
Sources 2 · Archived 0
SourceTypeReliabilityLink
老北京茶館 - 幽默時政
2026-09-24 15:13 · 老北京茶館 - 幽默時政 发布了新视频：私營企業家反了：工商銀行被付之一炬！44歲人日女編輯拍習近平馬屁升副部級！中國人窮翻了，蜂擁住橋洞！党逼外籍人士被交個稅！（老北京茶館/第1735集/2026/09/04）
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两部门明确离岸信托个税事项_新华网
2026-10-06 22:51 · 财政部、税务总局7月24日发布公告，明确离岸信托个人所得税有关事项。
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Context CONTEXT
Cause
07.24
·Reported
·Importance III
·China
This event
China Announces 20% Personal Income Tax on Offshore Trusts and Overseas Entities
2026.07.24 · Official claim
Effect
Not recorded yet
Coverage of this event COVERAGE