China Clarifies Taxation of QFII and RQFII Capital Gains

China's Ministry of Finance, State Administration of Taxation and the Securities Regulatory Commission have issued Circular (2014) 79, which provides clarification on the taxation of Qualified Foreign Institutional Investor (QFII) and RMB Qualified Foreign Institutional Investor (RQFII) on capital gains from the disposal of shares or other equity interest sourced in China. The exemption coincid…
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