The declaration document of individual tax resident status means that the signatory promises to be a tax resident of the country or region and pay taxes to the country or region. This document aims to cooperate with international cooperation in combating tax avoidance. Personal tax resident status declaration data refers to the data that individuals need to collect, record and submit when opening new accounts in financial institutions. If a financial institution knows or should know that the information in the original declaration document is inaccurate or unreliable due to the change of the newly opened personal account, it shall require the account holder to provide a valid declaration document. If the account holder fails to provide the declaration documents within 90 days from the date when he is required to do so, the financial institution shall manage his account as a non-resident account.
People's Republic of China (PRC) tax collection management law
Article 4
Units and individuals who are obligated to pay taxes according to laws and administrative regulations are taxpayers. Units and individuals that have the obligation to withhold and pay taxes according to laws and administrative regulations are withholding agents.
Taxpayers and withholding agents must pay taxes, withhold and remit taxes and collect and remit taxes in accordance with the provisions of laws and administrative regulations.