Commercial Information Circulars

24-hour hotline : 23 922 922

e-mail address : enquiry@tid.gov.hk

Ref. ： EIC 631/2/7

19 November 2014

Dear Sirs,

Commercial Information Circular No. 995/2014

The Mainland of China : Notice Concerning Issues on Temporary Exemption on Levy of Corporate Income Tax on Incomes from the Transfer of Stocks or Other Equity Investment Assets Gained by Qualified Foreign Institutional Investors and Renminbi Qualified Foreign Institutional Investors within the Territory of the Mainland of China

The Ministry of Finance of the People's Republic of China (MoF), the State Administration of Taxation (SAT) and the China Securities Regulatory Commission (CSRC) jointly issued on 31 October 2014 a notice concerning issues on temporary exemption on levy of corporate income tax on incomes from the transfer of stocks or other equity investment assets gained by qualified foreign institutional investors (QFII) and renminbi qualified foreign institutional investors (RQFII) within the territory of the Mainland of China. Starting from 17 November 2014, the incomes from the transfer of stocks or other equity investment assets gained by QFII and RQFII within the territory of the Mainland of China would be temporarily exempted from corporate income tax. Please refer to the Appendix (pdf format) for the notice (available in Chinese only).

ENQUIRIES

2.If you have any questions on the content of the issue mentioned in this circular, please contact the MoF (tel: +86-10-6855 1114), the SAT (tel: +86-10-6341 7114) and the CSRC (address: Focus Plaza 19, Jin Rong Street, Xi Cheng District, Beijing, China (postal code: 100033)). For other questions on this circular, please contact Ms Eugenia CHAN (tel: 2398 5444) of the Department.

Yours faithfully,
 

(Miss Bonny CHAO)
for Director-General of Trade and Industry