China to extend preferential tax policies for foreigners until end-2023 By Reuters

BEIJING (Reuters) – China will extend preferential income tax policies for foreigners residing in the country to Dec. 31, 2023, the finance ministry said on Friday, as part of measures to ease the burden on taxpayers.

Previously, China said benefits and allowances for foreigners including housing rental and education for their children would cease to be income tax-exempt starting Jan. 1, 2022.

In recent days, the government has pledged to further cut taxes and fees in 2022 to support struggling businesses. China will also extend some favourable income tax policies to ease the burden for middle- and low-income groups.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

by : Reuters

Source link

Capital Media

Read Previous

Germany wants G7 finance ministers to focus on recovery, climate protection By Reuters

Read Next

un excellent cru pour la BRVM et le DC/BR de l’UEMOA