China’s Ministry of Finance and State Administration of Taxation have jointly issued Announcement No. 34 of 2021, which provides for the extension of the corporate income tax and VAT exemption policy for certain bond interest income as decided by China’s State Council on 27 October 2021. The exemption policy applies for bond interest income obtained by foreign institutional investors from investing in the domestic Chinese bond market. The extension of the exemption policy applies retroactively from 7 November 2021 to 31 December 2025.
Source Orbitax
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