BUSINESS China announces 3-year tax exemption on interest gains for overseas investors

BUSINESS

China announces 3-year tax exemption on interest gains for overseas investors

Xinhua

20:05, November 22, 2018

BEIJING, Nov. 22 (Xinhua) -- China's Ministry of Finance said Thursday that the country will exempt overseas institutional investors from some bond market taxes.

DsmpnPVUwAEwZpO.jpg

Photo: Xinhua

For the next three years beginning Nov. 7 this year, overseas institutional investors will be exempt from paying corporate income tax and value-added tax on their interest gains derived from investment in the country's onshore bond market.

The move aims to further push forward the bond market's opening-up, the ministry said in a statement jointly issued with the State Administration of Taxation.

The tax references will not be eligible for interest incomes of institutions that overseas institutions set up in China, according to the statement.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue