News

China - Expected changes in taxation of qualified foreign institutional investors

June 8, 2017

It has been reported that the China Securities Regulatory Commission (CSRC) and the State Administration of Taxation (SAT) have agreed on expanding the taxation of qualified foreign institutional investors (QFII) recently. Currently, QFIIs are subject to enterprise income tax at a rate of 10% on dividends, profits and interest and are exempt from capital gains on securities. This may be changed in the future, and as a result, the capital gains derived by QFII would be included in the taxable income. Further details will be reported subsequently.

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