According to relevant departments of the State Taxation Administration, tax authorities are continuously strengthening publicity and guidance on individual residents' tax payments for overseas income. Since last year, taxpayers have been reminded to conduct self-inspections on income earned abroad from 2022 to 2024.
In accordance with 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 payment penalties within three years; cases constituting tax evasion will be handled according to law.It is an internationally common 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.The 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 their overseas income as required, they should correct and file supplementary declarations promptly in compliance with the law.[ChainCatcher]