China to Offer Extra Tax Relief for Foreign Companies (1)

Foreign companies in China that are re-investing their profits from Chinese firms in the country could be eligible for additional tax relief, the Ministry of Finance says in a statement on its website.

• 10% of the re-investment’s amount can be deducted from the taxable amount
• The re-investment includes capital injections into the companies, but excludes the purchase of listed companies’ shares

To view the source of this information click here

(Updates with details.)

To contact the reporter on this story:
Phila Siu in Hong Kong at csiu32@bloomberg.net

To contact the editor responsible for this story:
Meg Shen at mshen145@bloomberg.net

© ...