China Pursues Back Taxes on Offshore Trusts
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On 22 October 2026, the South China Morning Post reported that China is pursuing unpaid tax related to offshore trusts, with taxpayers required to pay by Thursday (22 October). The new policy takes effect on Friday (23 October), and investors must pay 20 per cent tax on the initial value of assets placed in trusts, plus 20 per cent tax on distributions. The authorities will apply the tax retroactively to 1 January 2023 and, when the regime changes, give trust holders a 90-day penalty-free payment grace period.
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- 南華早報·商業China Pursues Offshore Trust Back Taxes, Payment Deadline Thursday
Chinese taxpayers must pay outstanding tax related to offshore trusts by Thursday. The new policy takes effect on Friday, with investors required to pay 20 per cent tax on the initial value of assets placed into trusts, plus 20 per cent tax on distributions. Authorities have applied the tax retroactively to 1 January 2023 and granted trust holders a 90-day penalty-free payment grace period during the policy change.
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