China Cuts Taxes for Foreign Companies
Monday, July 16, 2012 9:23Posted in category News
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China is going to ease taxes on the profits that foreign companies take out of the country by up to 50% after rules on withholding taxes were relaxed to attract more overseas investment.
This lower tax rates will also apply to dividends paid by Chinese listed companies to foreign shareholders through the Qualified Foreign Institutional Investor scheme. In both cases, the new policy will apply only to the companies as well as shareholders based in nations that hold double taxation agreements with Chinese government.
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