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China Closes Tax Loopholes on Insider Stock Sales
New rules target post-lockup bonus shares and scrap a 15% default cost deduction to ensure payment of capital gains tax
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caixinglobal.com
Beijing Scraps Longstanding Tax Break for Foreign Investors’ Dividends
The policy, introduced in 1994 to lure foreign capital, had remained in place despite earlier signals it would be removed. Authorities say the new rules take effect Tuesday
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scmp.com
China ends dividend tax exemption for expats, applying 20% rate
The exemption previously enjoyed by overseas nationals on gains from foreign-funded firms in China was cancelled in an announcement on Tuesday.
