https://finance. (caixin.com)/2025-05-17/102320557.html

According to Caixin, many people engaged in US stock trading have recently received reminders from local tax authorities to self check for overseas income and proactively declare and pay taxes. Most of the clients who are required to declare have funds exceeding one million US dollars. The action of local tax authorities to recover taxes on overseas income has been ongoing for a year, and the recovered items mainly focus on investment income from overseas, such as interest and dividends. Most of the recovered income in the example is from 2022 to 2024, and there have been no cases where the recovery period exceeds five years. It is reported that Liang Shuang (pseudonym), a customer manager serving high net worth clients at a financial institution in Hong Kong, confirmed to Caixin that many of his clients have received self inspection notices from the tax department, requiring them to declare income and profits in overseas bank or securities accounts from 2022 to 2024. Most of the clients who are required to declare have funds exceeding one million US dollars, and they come from Beijing, Shanxi and other places.