Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 30 (Xinhua) — China’s financial, tax and trade authorities on Monday announced a 10 percent corporate income tax rebate for foreign investors on domestic direct investment financed by dividends from Chinese enterprises’ profits.
The credit, which runs from January 1, 2025, to December 31, 2028, allows unused credit to be carried forward to a later date and allows lower rates to be applied under applicable tax treaties.
Foreign investors may reinvest dividends in increasing the share capital of resident enterprises, establishing new resident enterprises, or acquiring shares of resident enterprises from unaffiliated parties. The industry in which the investee enterprise operates must be included in the Catalogue of Industries Encouraging Foreign Investment.
Foreign investors may apply for a refund of the tax credit for reinvestments made between January 1, 2025 and the date of the announcement of the introduction of this benefit. –0–