China removes long-standing dividend tax exemption for foreign individual investors

60FINANCE

China removes long-standing dividend tax exemption for foreign individual investors

⚡ Markets: Increases the cost of holding Chinese equities for foreign retail investors, potentially dampening sentiment and flows into the A-share market.ASHRMCHICNY

Beijing has scrapped a tax break on dividends for foreign individual investors, a policy that had been in place for decades. Officials state the move is intended to create equal tax treatment for domestic and foreign investors.

West MSM: noneNon-West Ind. 1Non-West State 11 country

2 sources across the spectrum

Non-West Ind.Caixin — Beijing Scraps Longstanding Tax Break for Foreign Investors’ Dividends

Non-West StateGlobal Times — China scraps dividend‑tax exemption for foreign individuals, ‘intended to deliver equal treatment for all market players’

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