ANNOUNCED AS TEMPORARYNo
FDI: Financial incentive
On the 28th of December 2017, four Chinese ministries* announced that they would be retroactively implementing a policy first announced in August of the same year (see related state act), whereby profits gained by foreign investors from Chinese investment project would be eligible for a deferral of 10% of the witholding tax on said profits when directly reinvested into encouraged projects.
Four conditions must be met for the deferral to be applicable:
The policy came into effect retroactively from 1 January 2017.
*Ministry of Finance, State Administration of Taxation (SAT), National Development and Reform Commission and Ministry of Commerce
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