On June 2, 2025, ForTran Law Firm hosted a Cross-Border Tax Salon in collaboration with Chuanqi Family Office. The session featured an in-depth discussion on Chinese tax residency, offshore income classification, and CRS reporting obligations, with a focus on high-net-worth individuals' compliance strategies.
On the afternoon of June 2, 2025, Shanghai ForTran Law Firm hosted a private seminar on cross-border tax issues, co-organized with Chuanqi Family Office. Partner Ivy Yang was invited to deliver a keynote presentation on “Tax Compliance for Personal Overseas Income,” addressing the increasingly complex challenges faced by high-net-worth individuals in a globalized tax environment.
Drawing on real-world case studies, Ms. Yang offered a practical and in-depth discussion on three key topics: (1) the criteria for determining Chinese tax residency, (2) the scope and classification of foreign-sourced income, and (3) the implementation of the Common Reporting Standard (CRS). She explained the due diligence and reporting obligations imposed on financial institutions under the CRS framework and highlighted the resulting tax exposure for account holders across multiple jurisdictions.
The session also explored compliance strategies under current regulatory developments, equipping clients with tools to mitigate tax risks and better structure their cross-border investments.
By providing both regulatory insights and strategic guidance, the event helped attendees better navigate overseas tax compliance and reflected ForTran’s strength in advising on cross-border tax and investment matters.
