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China further released new IIT preferential policies to benefit individuals investing in NEEQ-listed companies as well as Venture Capital Funds
Recently, the State Council has been paying close attention to the tax burden of individuals and has released preferential tax policies consecutively to improve the China IIT regime, On 30 November 2018, the Ministry of Finance(MOF), the State Administration of Taxation(SAT) and China Securities Regulation Commission(CSRC) jointly released the
The release of Circular 137 and clarification on the IIT treatment of VC funds addresses several long-standing disputes. In this issue of China Tax and Business News Flash, we will summarise the IIT policies for NEEQ investors and natural person partners of VC funds, as well as share our observations.
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