Analysis: The notice for tax payment on trading Hong Kong and US stocks is intensive, and the legal aspect of taxing foreign income is not sudden.

According to Mars Finance, since March this year, many Chinese residents investing in Hong Kong and U.S. stocks have received notifications from local tax authorities, prompting them to self-examine their domestic and foreign income and timely file tax declarations. On social media platforms, some taxpayers have posted sharing that they completed the individual income tax payment for cross-border investment income at a 20% tax rate before June 30. China's global taxation has always had legal basis. However, it has been learned that compared to previous years, this year's related tax and supplementary tax notifications are more frequent and cover a wider area, with notification forms including text messages and phone calls. (Zhitong Finance)