本报告为瑞银香港策略团队举办的专家电话会议纪要，主题为内地税务机关第21号公告所规管的新离岸信托税务规则。专家指出，第21号公告通过建立覆盖信托全生命周期（设立、存续运营与终止）的征税框架，使离岸信托的税务处理更加清晰，适用范围涵盖中国与非中国税收居民，以及从中等规模到超高净值资产组合的各类信托架构，反映中国正逐步向与发达经济体接轨的全球征税框架靠拢。规则下，2023年1月1日及之后将资产置入离岸信托可能被视为应税事件，中国税收居民或需就转入资产的未实现收益缴纳20%个人所得税，信托存续期间产生的收入与收益亦按20%征税；非居民个人将境内资产转入离岸信托、以及由中国税收居民通过离岸信托实际控制的资产安排同样纳入范围。纳税人须在2026年10月22日截止的90天窗口内纠正历史税务处理并补缴税款。
There's been increasing market concerns on the going tax clawback and its potential impact since the announcement of Article 21 by the mainland tax authorities governing offshore trusts. We hosted an expert call to discuss the latest developments. The expert noted that Article 21 provides greater clarity on the tax treatment of offshore trust structures by establishing a tax collection framework that applies across the entire trust lifecycle, including trust establishment, ongoing operation, and termination. The expert further highlighted the broad scope of the new rules, covering both Chinese and non-Chinese residents, as well as trust structures ranging from relatively modest arrangements to ultra-high-net-worth portfolios. The expert believes China is progressively moving toward a global taxation framework that is more closely aligned with those of advanced economies. With Hong Kong expected to implement CRS 2.0 by 2029, covering information relating to the 2028 tax year, we believe