China has no specific rules for collecting personal income tax on overseas income, and the related rumors have no authoritative basis

Odaily News Recently, rumors that China will impose a "tax on overseas rich people" have attracted attention at home and abroad. It is understood that my country's "global taxation" has always had a policy basis, but the enforcement is limited. In addition, for individuals who have no residence in China, the relevant supporting documents have a 6-year "exemption period" since 2019, and the first expiration date is approaching. However, judging from the existing documents, there are no specific details for the collection of personal income tax on overseas income. Recent rumors such as "China will impose taxes on high-net-worth individuals with Chinese nationality worldwide", "US$10 million is the threshold", and "shareholders of overseas listed companies are affected" have no authoritative basis. (Jinshi)