On 14 November 2014, China issued two notices releasing the details of its long-awaited tax policies for qualified foreign institutional investors (QFIIs), RMB qualified foreign institutional investors (RQFIIs) and the Shanghai-Hong Kong Stock Connect (SHSC) scheme. The SHSC scheme formally launched on 17 November 2014.
QFIIs and RQFIIs
Effective from 17 November 2014, capital gains derived by a QFII and an RQFII from the sales of shares in a Chinese resident enterprise are exempt from enterprise income tax (EIT). The exemption will not apply to capital gains from transactions before 17 November 2014, and the notice specifically provides that EIT applies to past transactions.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
Business Law Digest is compiled with the assistance of Baker & McKenzie. Readers should not act on this information without seeking professional legal advice. You can contact Baker & McKenzie by e-mailing Danian Zhang (Shanghai) at: danian.zhang@bakermckenzie.com
