China's Offshore Trust Tax Grace Period Expires

On 21 October 2026, the South China Morning Post reported that China's grace period for offshore trust tax disclosure and settlement ends on 22 October. The report said the grace period reflects the authorities' tightening control over capital outflows and makes it harder for high-net-worth families to keep overseas assets outside government supervision. The report also said the deadline coincides with China's tighter scrutiny of cryptocurrencies, stablecoins and real-world assets, and could unexpectedly boost demand for digital dollars. The current development is that the grace period is about to expire; the report did not mention specific arrangements or effects after the deadline ends.

Generated by AI from reporting · updated 2 hours ago

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