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Friday, December 29, 2017
Withholding tax on the overseas investors' direct investment will not be imposed temporarily
ANBOUND

The Chinese Ministry of Finance has recently issued a circular that withholding tax on the overseas investors' direct investment in the distribution of profits will not be imposed temporarily. The profit distributed by overseas investors is the dividends, bonuses and other equity investment income attributable to the actual distribution of retained earnings of Chinese resident enterprises to the investors. The relevant funds would be transferred directly from the account of the profit distribution enterprise to the account of the investee or the equity transferor and would not be circulated in other accounts both within China and abroad before the direct investment.

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