ASEAN Plus Business Alliance (APBA) is pleased to share an article co-authored by our Co-Chairman, Tan Chong Huat, together with Amanda Chen, Partner at RHTLaw Asia, and Christina Tan, Associate (Foreign Lawyer) at RHTLaw Asia. The article examines the implications of China’s newly introduced rules for offshore trusts.

For years, the risks surrounding offshore trusts were largely viewed as an information problem, with fragmented records held by trustees, banks, holding companies, tax authorities and family offices. Under the new framework, however, PRC tax residents may face direct tax liabilities, reporting obligations and statutory deadlines relating to trust contributions, income, distributions and underlying offshore entities.

Discover why the 90-day regularisation window requires urgent attention—and why consistent information governance is now essential for families, trustees and advisers.

Read the article in The Edge Singapore here.