China to Extend Tax Exemption Period for Foreign Bond Investors

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 ...