TechFlow, May 17 — According to a Caixin.com report, recently many individuals engaged in U.S. stock trading have received reminders from local tax authorities urging them to self-inspect whether they have overseas income and to voluntarily declare and pay taxes. Most of the clients required to file declarations hold funds exceeding one million U.S. dollars.
The report stated that local tax authorities' efforts to collect taxes on overseas income have been ongoing for a year. The main focus of collection has been investment returns from abroad, such as interest and dividends. Most cases involve income earned between 2022 and 2024, and no individual case with a collection period exceeding five years has been observed so far.
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