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QFII corporate income tax set at 10%

By Bi Xiaoning (chinadaily.com.cn)
Updated: 2009-02-20 19:50

Qualified foreign institutional investors (QFII) are required to pay 10 percent corporate income tax of dividends, bonuses and interest income gained in China, according to a circular recently released by the State Administration of Taxation.

The circular required the tax authorities across the country to be aware of QFII investment projects in China, provide timely tax services and set up tax administration files to ensure that taxes are paid in full.