Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
China exempts enterprises from income tax on securities trading
+ -
20:03, March 20, 2008

 Related News
 China raises individual income tax threshold
 China's legislature to vote on increase on individual income tax threshold
 Good news for income tax payers
 Comment  Tell A Friend
 Print Format  Save Article
Chinese has decided not to levy tax on corporate earnings from securities trading at the moment, seen as a move to boost the current gloomy stock market.

Income from stock and bonds trading by securities investment funds will be free from enterprise income tax for the time being, said a statement released by the Ministry of Finance and the Administration of Taxation on Wednesday.

Meanwhile, institutional investors and funds managers do not need to pay such tax for income from funds management, said the statement.

"This policy will help promote the development of the funds sector and fund subscription among investors," said He Qiang, professor with the Central University of Finance and Economics. "It's good news for the stock market."


  Your Message:   Most Commented:

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved