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China Extends Income Tax Preferential Policies for Foreign Individuals

|Approved Changes|China
China

China's Ministry of Finance and State Administration of Taxation have jointly issued Announcement No. 43 of 2021, which extends the income tax preferential policies for foreign individuals. Previously provided from 1 January 2019 to 31 December 2021, the preferential policies include that foreign individuals qualifying as residents could choose to apply special additional deductions for childr…

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