[The State Taxation Administration Reminds Offshore Trust Taxpayers to Complete Personal Income Tax Declarations by October 22] According to the official website of the State Taxation Administration, the administration has issued a reminder urging offshore trust taxpayers to declare and pay personal income tax on offshore trust income before the end of the transition period on October 22. Tax declarations and payments completed during the transition period will not incur late payment penalties. In accordance with the 'Announcement on Matters Related to Personal Income Tax for Offshore Trusts' (No. 21 [2026]) issued by the Ministry of Finance and the State Taxation Administration on July 24, offshore trust taxpayers are required to declare and pay taxes on offshore trust income. The announcement provided taxpayers with a 90-day transition period. The tax authorities stated that they will offer tax guidance and services to assist taxpayers.