According to laws and regulations such as the Tax Collection and Administration Law, if underpayment or non-payment of taxes results from a taxpayer's failure to file a tax return or calculation errors, the tax authorities may recover taxes and late payment penalties within three years; cases constituting tax evasion will be handled in accordance with the law. Residents are required to pay individual income tax on income derived both domestically and overseas, which is an internationally accepted practice conducive to preventing cross-border tax avoidance and safeguarding national tax rights and interests.

The Chinese tax authorities remind taxpayers that paying taxes in accordance with the law is an obligation every citizen must fulfill. If taxpayers find that they previously failed to report overseas income as required, they should correct and file supplementary declarations promptly in accordance with the law.

[BlockBeats]