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Liam Zhang

China tax authority tightens overseas income reporting guidance for 2022–2024

China's State Taxation Administration has urged residents to self-assess and declare personal overseas income for 2022–2024, according to Xinhua News Agency. Authorities indicate they may recover unpaid taxes and late fees, and pursue legal action in cases of evasion. The notice does not address digital assets, leaving possible cryptocurrency impacts undetermined.
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