According to the Chinese Financial Times, some residents have recently received notifications from the tax authorities, requiring them to declare and pay taxes on foreign income in accordance with the law. According to the current individual income tax law, income from personal foreign stock trading is classified as capital gains and is subject to a 20% tax rate on a per-transaction basis, allowing for annual offsetting of gains and losses, but not supporting cross-year deductions. The tax authorities will strengthen supervision through the Common Reporting Standard (CRS) for international financial account information exchange, enhancing tax fairness for high-income groups.