China extends preferential personal income tax policies
Xinhua
1673914619000

BEIJING, Jan. 16 (Xinhua) -- China will continue to implement preferential personal income tax policies related to listed companies' equity incentives and stock connect programs between the mainland and Hong Kong financial markets.

File photo: CFP

The equity incentives of listed companies will continue to be taxed separately from Jan. 1 to Dec. 31, 2023, according to the Ministry of Finance and the State Taxation Administration on Monday.

Favorable personal income tax policies related to mainland-Hong Kong stock connect programs and the mutual recognition of funds will also remain effective this year.

Authorities expect the plicies to support business innovation and the opening-up of the capital market.