Initial payments on China’s 20% tax on offshore trust dividends and interest due October 22

The Straits Times, carrying an AFP report, says China’s July rules levy a 20% tax on dividends and interest from offshore trusts, with initial payments due October 22, 2026, after a 90-day transition period. Analysts told AFP the rules have prompted wealthy individuals and families to sort out their finances. The move comes as local governments face cash shortages amid a years-long property crisis.