Strengthen the supervision of personal overseas income, and pay taxes on overseas stock trading income

On August 4, the Financial Times published an article. It is understood that some taxpayers have recently received a notice from the tax department, informing them that they need to apply for overseas income declaration and pay corresponding taxes according to law. "< b > According to the personal income tax law of our country, personal stock transaction income is property transfer income, and a 20% tax rate should be applied to it. Among them, personal stock transaction income in the domestic secondary market is temporarily exempt from personal income tax; < b > There is no tax exemption for direct overseas stock transaction income, and it needs to be declared and taxed in the following year ." Zhang Wei, Dean of the Tax School of Jilin University of Finance and Economics, explained. In order to collect more reasonably, our country's tax department allows taxpayers to offset their profits and losses according to the tax year when collecting and managing, but does not allow them to offset each other across the year. Paying taxes according to law is the obligation of every citizen. Individuals who fail to declare or truthfully declare overseas income will not only be required to pay taxes by the tax authorities, but also be charged a late fee. In serious cases, they may also be filed for inspection by the audit department and will face tax penalties. If taxpayers find that they have underreported or missed overseas income when declaring personal tax before, they must make up for it in time.