On July 24, 2026, China's Ministry of Finance and the State Taxation Administration issued an announcement requiring individual residents to pay a 20% personal income tax on assets transferred into offshore trusts and the income generated during their existence, with a 90-day transition period.
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中美对标
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老北京茶館 - 幽默時政
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Context CONTEXT
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This event
China's Ministry of Finance and State Taxation Administration Require 20% Tax on Offshore Trust Income
2026.07.24 · Official claim
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