The tax department reminds taxpayers to conduct self-examinations on overseas income for the past three years

According to Xinhua News Agency, the relevant departments of the State Taxation Administration have informed that tax authorities are continuously strengthening the publicity and guidance on the taxation of residents' personal overseas income. Since last year, taxpayers have been reminded to conduct self-examinations on income obtained from abroad from 2022 to 2024. According to the Tax Collection and Administration Law and other laws and regulations, if taxpayers fail to file tax returns or make calculation errors resulting in unpaid or underpaid taxes, tax authorities can recover the tax and late fees within three years; if tax evasion is constituted, legal action will be taken.

Residents are required to pay individual income tax on income obtained from both domestic and foreign sources, which is a common international practice that helps prevent cross-border tax evasion and protects national tax rights. Tax authorities remind that paying taxes in accordance with the law is an obligation of every citizen. If taxpayers find that they have not declared their overseas income as required, they should promptly correct their declarations in accordance with the law.