China will extend tax exemption period for foreign institutional investors’ interest income from investment in the domestic bond market from November 7 this year till the end of 2025, according to a statement posted on the website of the People’s Bank of China.
- Foreign investors will be exempted from paying corporate income tax and value-added tax for their bond interest income during the period, PBOC says, citing a statement by the Finance Ministry and tax authority
- The decision on the tax exemption policy was made at a State Council meeting on October 27, and it is aimed at attracting more ...