China ends dividend tax exemption for expats, applying 20% rate
China’s tax authorities announced on Tuesday that the country would end the tax exemption for dividends earned by expatriates at foreign-funded firms, setting a 20 per cent rate effective immediately.
The measures mainly target “interest, dividend and bonus income” for individual income tax purposes, according to a joint statement from the Ministry of Finance and State Taxation Administration.
State news agency Xinhua said the change was needed for the “unification of the tax system”.
In 1994,...
此摘要由5News从媒体的公开信息源汇聚而成。 包含完整背景的全文在www.scmp.com — 内容归South China Morning Post - Business所有。
