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.
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