State Tax Administration: Deferred taxes promote reinvestment of foreign dividends exceeding 150 billion yuan-Western Network (Shaanxi News)

CCTV News:The reporter (14) learned today from the State Tax Administration that to encourage foreign investors to expand their investment in China, from January 1, 2018, the profits allocated by foreign investors from national resident companies will be used to direct national investment. The deferred tax policy does not temporarily tax corporate income tax. In the first quarter of 2020, the national tax to enjoy this preferential tax increased by 65% ​​compared to the same period last year, and the reinvestment of dividends increased by 35% year-on-year.

Since the implementation of this policy, a total of 1,740 foreign-funded companies have enjoyed this preferential tax treatment across the country, with 14.3 billion yuan in taxes and promoting a reinvestment of 150.5 billion yuan in dividends.

Publisher: Fan Tingting