# China targets offshore trusts in widening tax drive

https://mins.news/en/item/110826

- South China Morning Post, 2026-10-22 09:25 UTC
- Economy
- Original: https://www.scmp.com/plus/business/china-business/article/3371784/china-targets-offshore-trusts-widening-push-taxes

> Chinese taxpayers had until Thursday to pay outstanding taxes linked to offshore trusts as the government seeks new revenue to ease fiscal strains. A policy taking effect Friday imposes a 20 per cent tax on the initial value of trust assets and a 20 per cent tax on distributions. The taxes are backdated to January 1, 2023, with a 90-day penalty-free grace period.

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