Analysis: There are frequent notices of tax compensation for Hong Kong and US stock market speculation, and the legal aspect of overseas income taxation is not sudden

Odaily Planet Daily News: Since March this year, many Chinese residents who invest in Hong Kong and US stocks have received notices from local tax authorities, prompting them to self check their domestic and foreign income and timely file tax returns. On social media, some taxpayers posted and shared that they had completed the personal income tax payment for cross-border investment income at a rate of 20% before June 30th. China's global taxation has always had legal basis. However, it is understood that compared to previous years, this year's tax payment and supplementary tax notices are more intensive and have a larger coverage, including SMS, phone calls, and other forms of notification. (Zhitong Finance)