- China has introduced temporary tax incentives to support the pilot program for domestic issuance of CDRs by innovative enterprises.
- Individual investors are temporarily exempt from VAT on income from transferring CDRs.
- Institutional investors are subject to VAT per financial product transfer rules.
- Fund managers and QFII/RQFII investors receive temporary VAT exemptions on CDR transfer gains during the pilot.
- The incentives apply from January 1, 2026, to December 31, 2027.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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