China: 20% Tax on Dividends and Remuneration of Foreign Citizens
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6 Articles
In recent years, the CCP has been calling for "stabilizing foreign investment" (according to data from the Ministry of Commerce, the actual amount of foreign investment utilized has been declining continuously since 2023, with a year-on-year decrease of 6.2% from January to July this year). At the policy level, from "expanding access to the manufacturing industry" in 2024, to "relaxing pilot programs for financial, medical and other service indu…
On September 1st, the Ministry of Finance and the State Administration of Taxation of the People's Republic of China jointly issued an announcement: foreign individuals receiving dividends from foreign-invested enterprises will be subject to individual income tax at a rate of 20%. This effectively abolished the 32-year-old tax exemption policy for foreign individuals' dividends. However, the question remains: in recent years, the CCP has been ad…
The measure was activated the day before yesterday, Tuesday, according to a joint announcement by the Ministries of Finance and the State Tax Administration.
Beijing has imposed a 20% tax on personal income from dividends and additional remuneration received by foreign citizens from businesses operating in the country.
The 30-year tax exemption for foreigners is over.
Beijing has reintroduced a 20% tax on dividends and additional fees received by foreigners from foreign companies in China, ending an exemption that had been in place since 1994 to boost investment.
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