The Chinese tax authorities have strengthened the management of overseas Crypto Assets income collection, clarifying the standards for determining tax residents.
According to Gate News bot, it has been reported that tax authorities in mainland China are conducting cross-checks on residents' overseas income through various channels, including CRS data, forex records, and payment platforms. Currently, although Crypto Assets income has not been clearly defined legally, the tax law clauses such as "income from property transfer" already cover the relevant tax basis.
Reports indicate that there have been cases of Crypto Assets trading profit recipients being pursued for tax payments. The article elaborates on the criteria for determining tax residents and tax exemption clauses, and provides practical answers to specific issues such as on-chain service compensation declaration, tax audit cycles, and burden of proof.
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