Announcement of the State Administration of Taxation on Matters Concerning Expanding the Applicable Scope of the Policy of Temporarily Not Levying Withholding Tax on Distributed Profits Used by Overseas Investors for Direct Investments
Announcement of the State Administration of Taxation on Matters Concerning Expanding the Applicable Scope of the Policy of Temporarily Not Levying Withholding Tax on Distributed Profits Used by Overseas Investors for Direct Investments
Announcement of the State Administration of Taxation on Matters Concerning Expanding the Applicable Scope of the Policy of Temporarily Not Levying Withholding Tax on Distributed Profits Used by Overseas Investors for Direct Investments
Announcement of the State Administration of Taxation [2018] No.53
October 29, 2018
According to the decision of the State Council, the Ministry of Finance, the State Administration of Taxation, the National Development and Reform Commission and the Ministry of Commerce have jointly issued the Circular on Expanding the Applicable Scope of the Policy of Temporarily Not Levying the Withholding Tax on Distributed Profits Used by Overseas Investors for Direct Investment (Cai Shui [2018] No.102, hereinafter referred to as the "Circular"), stating that the policy of temporarily not levying withholding tax on the distributed profits received by an overseas investor from a Chinese resident enterprise and used for direct investment in China, will be applicable to a larger extent, covering not only the encouraged category of foreign-invested projects but also all projects and fields from which foreign investments are not banned.
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Announcement of the State Administration of Taxation [2018] No.53
October 29, 2018
According to the decision of the State Council, the Ministry of Finance, the State Administration of Taxation, the National Development and Reform Commission and the Ministry of Commerce have jointly issued the Circular on Expanding the Applicable Scope of the Policy of Temporarily Not Levying the Withholding Tax on Distributed Profits Used by Overseas Investors for Direct Investment (Cai Shui [2018] No.102, hereinafter referred to as the "Circular"), stating that the policy of temporarily not levying withholding tax on the distributed profits received by an overseas investor from a Chinese resident enterprise and used for direct investment in China, will be applicable to a larger extent, covering not only the encouraged category of foreign-invested projects but also all projects and fields from which foreign investments are not banned.
......