China will temporarily exempt foreign firms from provisional income tax for reinvested profit

Image
Reuters BEIJING
Last Updated : Dec 28 2017 | 12:25 PM IST

BEIJING (Reuters) - China's finance ministry said on Thursday profits reinvestment by foreign firms in China will temporarily be exempted from provisional income tax.

The ministry said on its website that the move is designed to encourage overseas investors to boost investment in the country.

(Reporting by Beijing Monitoring Desk; Editing by Sam Holmes)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Dec 28 2017 | 12:17 PM IST

Next Story