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Xinhua News Agency: Tax authorities remind taxpayers to self-inspect overseas income from the past three years
TechFlowJan 16, 2026
On January 16, according to Xinhua News Agency, relevant departments of the State Taxation Administration said that tax authorities are continuously strengthening publicity and guidance on individual residents' overseas income taxation. Since last year, taxpayers have been reminded to conduct self-inspections on income earned from abroad between 2022 and 2024.
According to laws and regulations such as the Tax Collection and Administration Law, if underpayment or non-payment of taxes results from a taxpayer’s failure to file a tax return or calculation errors, the tax authorities may recover taxes and late fees within three years; cases constituting tax evasion will be handled in accordance with the law.It is an internationally accepted practice for individual residents to pay individual income tax on income earned both domestically and overseas, which helps prevent cross-border tax avoidance and protects national tax rights and interests.Tax authorities remind taxpayers that paying taxes in accordance with the law is an obligation every citizen must fulfill. If taxpayers find that they previously failed to declare overseas income as required, they should correct and file their returns promptly in accordance with the law. (Jinshi Data)[TechFlow]
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