Client situation
Years of overseas securities and fund gains, never filed
Records are spread across overseas institutions, cost basis is unclear, and there is concern that information exchange will trigger inquiries or audits.
We help Chinese tax residents clarify reporting obligations for overseas accounts, cross-border investments and foreign income, and turn legacy issues and future arrangements into an executable compliance path.
Mankun has handled extensive cross-border investment, funds-flow and tax compliance matters. Find the path that matches your situation.
Records are spread across overseas institutions, cost basis is unclear, and there is concern that information exchange will trigger inquiries or audits.
Offshore-entity salaries, equity incentives and multi-location living arrangements overlap; income characterisation and filing location need professional judgement.
Family members hold different residencies and asset forms; each person's filing obligations and positions differ.
Mixed corporate and personal accounts and unclear treatment of retained profits and dividends raise CFC and double-taxation concerns.
Materials must be organised and positions aligned within a fixed window, preventing escalation into more serious legal consequences.
We resolve specific filing issues and build long-term cross-border tax compliance.
Start from tax residency, assess the exchange exposure of accounts and assets, and define filing obligations and a timetable for each year.
Turn records scattered across overseas banks, brokerages, insurers and trusts into filing-ready, explainable and archivable tax workpapers.
Grade the risk of past non-filing, design a voluntary-disclosure path and keep the matter within a manageable range.
Assess the tax consequences and implementation path of residency changes, family asset arrangements and outbound structures—on a compliant basis.
Organise materials and consistent positions during inquiries and audits, and preserve rights of representation and remedy.
Direct answers to the questions clients ask most.
CRS covers deposit accounts, custodian accounts, investment accounts and cash-value insurance contracts. Balances, interest, dividends and disposal gains are exchanged annually with your country of tax residence. The jurisdictions and asset types covered keep expanding, so treating overseas accounts as invisible is no longer realistic.
Yes. Chinese tax residents owe filing obligations on worldwide income, including interest, dividends and disposal gains in overseas accounts. Whether tax is actually payable depends on the character of the income, deductible costs and applicable treaties—but the filing obligation itself does not disappear because the account is offshore.
Voluntary reconciliation and filing offer far more room than being discovered in an audit. Voluntary resolution can usually be managed around back taxes and surcharges; once a formal audit begins, penalty multiples and criminal-risk assessment become much less favourable. The earlier the review, the more options remain.
Residency planning is a compliance question, not an avoidance tool. A change of tax residency must be supported by genuine living and economic arrangements, has no retroactive effect on past obligations, and—if done improperly—can trigger filing duties in two jurisdictions at once. Feasibility must be assessed case by case.
Interest and dividends are generally filed under their respective income categories; gains from transferring overseas equity, funds and similar assets are usually treated as “income from property transfer”. Characterisation and deductible costs differ by asset type and holding structure, and require analysis based on the substance of each transaction.
Tell us your residency situation, asset types and current position. We will help you assess your obligations and the right order of action.
Discuss tax compliance