14 Articles
14 Articles
Beijing Scraps Longstanding Tax Break for Foreign Investors’ Dividends
Beijing Scraps Longstanding Tax Break for Foreign Investors’ Dividends - The policy, introduced in 1994 to lure foreign capital, had remained in place despite earlier signals it would be removed. Authorities say the new rules take effect Tuesday
China Cuts Another Decades-Long Tax Loophole, This Time on Foreigners' Dividend Gains
China has ended a decadeslong exemption on the individual income tax paid by foreign-invested firms on some dividend payments, the latest in a series of sweeping changes to the country’s tax system.
(Shanghai = Yonhap News) Correspondent Cha Byeong-seop = China has ended the tax exemption on dividend income granted to foreigners investing in foreign-invested enterprises.
On 9/1, the CCP abolished the tax exemption for dividend income for foreigners, which had continued for 32 years. A 20% personal income tax is levied on dividends received from foreign companies. There are no transitional measures, and they will take effect on the day of announcement
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