The new personal income tax policy for offshore trusts has been in place for more than two months. Before the National Day holiday, several tax offices of the Beijing Chaoyang District Taxation Bureau of the State Administration of Taxation issued documents detailing measures to promote the implementation of the New Deal. On September 29, the Beijing Chaoyang District Taxation Bureau of the State Administration of Taxation published an article “Tax Service Center Comprehensively Accomplishes Offshore Trust Consultation and Guarantee”, which shows that in order to solidly promote the implementation of the bureau's offshore trust personal tax collection and administration plan, the tax service center compacts work responsibilities, refines work initiatives, and coordinates various tasks such as organizational security, business training, and risk assessment. Among them, specific measures include raising political standing and building a strong special workforce; strengthening policy training to consolidate the foundation for carrying out business duties; strengthening data analysis and strict public opinion risk monitoring. Also, according to information from the Beijing Chaoyang District Taxation Bureau of the State Administration of Taxation on September 30, recently, the Third Taxation Office of the Bureau organized the second special business training on offshore trust personal income tax to make every effort to prepare for the peak of tax-related consultations and business acceptance during the policy transition period to ensure the steady implementation of relevant policies. In terms of specific measures, the article mentions thorough research of policy provisions, unifying business execution standards; compacting work responsibilities, setting up special positions for business personnel; doing a good job of publicity and guidance, and establishing a long-term control mechanism.

The new personal income tax policy for offshore trusts has been in place for more than two months. Before the National Day holiday, several tax offices of the Beijing Chaoyang District Taxation Bureau of the State Administration of Taxation issued documents detailing relevant measures to promote the implementation of the New Deal. On September 29, the Beijing Chaoyang District Taxation Bureau of the State Administration of Taxation published an article “Tax Service Center Comprehensively Accomplishes Offshore Trust Consultation and Guarantee”, which shows that in order to solidly promote the implementation of the bureau's offshore trust personal tax collection and administration plan, the tax service center compacts work responsibilities, refines work initiatives, and coordinates various tasks such as organizational security, business training, and risk assessment. Among them, specific measures include raising political standing and building a strong special workforce; strengthening policy training to consolidate the foundation for carrying out business duties; strengthening data analysis and strict public opinion risk monitoring. Also, according to information from the Beijing Chaoyang District Taxation Bureau of the State Administration of Taxation on September 30, recently, the Third Taxation Office of the Bureau organized the second special business training on offshore trust personal income tax to make every effort to prepare for the peak of tax-related consultations and business acceptance during the policy transition period to ensure the steady implementation of relevant policies. In terms of specific measures, the article mentions thorough research of policy provisions, unifying business execution standards; compacting work responsibilities, setting up special positions for business personnel; doing a good job of publicity and guidance, and establishing a long-term control mechanism.