China Briefing - The Practical Application of China Business
Dezshira India Briefing Vietnam briefing www.2point6billion.com
 
Username Password
Remember Me		 Forgot Username
or Password?
« Ningbo Port set to join global heavyweights
Mixed views on proposed London and Shanghai steel futures markets »


Income tax on securities trading exempted

Mar. 21 - In a move aimed at boosting the current gloomy stock market, China will not levy a tax on corporate earning from securities trading at the moment.

Income from stock and bonds trading by securities investment funds will be free from corporate income tax for the time being said a statement released by the Ministry of Finance and the Administration of Taxation on Wednesday.

According to Xinhua, institutional investors and funds managers do not need to pay such tax for income from funds management.

Share this post > Del.icio.us Digg it Reddit HaoHao

This entry was posted on Friday, March 21st, 2008 at 10:27 am and is filed under Finance, Tax & Accounting. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Income tax on securities trading exempted”

  1. Max Nightingale Says:
    March 23rd, 2008 at 6:54 pm

    Result? Mainland stocks just rallied. Good notice of this thanks, and ahead of other agencies I notice here. This has really affected mutual funds in China with a lot of foreign investment in them. An early Easter present from the Chinese government to fund managers specialising in China plays! Merci beaucoup CB I got in about 12 hours ahead of the US markets and the effect was almost instantaneous. Xie xie, right?!

Leave a Reply