The reporter learned from the State Administration of Taxation on November 11 that at present, the transition period of the offshore trust income taxation policy has come to a smooth end. The vast majority of taxpayers have actively cooperated, and have reported a cumulative total of more than 160 billion yuan in personal income tax returns for offshore trusts, of which more than 120 billion yuan was stored in storage in October, driving the country's personal income tax revenue to increase by nearly 90% in October.

The reporter learned from the State Administration of Taxation on November 11 that at present, the transition period of the offshore trust income taxation policy has come to a smooth end. The vast majority of taxpayers have actively cooperated, and have reported a cumulative total of more than 160 billion yuan in personal income tax returns for offshore trusts, of which more than 120 billion yuan was stored in storage in October, driving the country's personal income tax revenue to increase by nearly 90% in October.