As China's economic growth has slowed down, China will extend the preferential personal income tax policy of foreign people in China until the end of 2027.
The Chinese Ministry of Finance issued a statement on Monday (August 28) on the official website that it will continue the implementation of tax -free policies such as housing subsidies, language training fees, and children's education expenses.Bloomberg reported that the move sent a encouraging signal to foreign companies in China.
The Chinese EU Chamber of Commerce called on Beijing's "emergency clarification" for its preferential preferential policies for the subsidy subsidy for foreign employees. Will it continue to be applied after the end of this year and mention the continuation of this policy. The continuation of this policy will be implemented.It shows the firm commitment of Chinese companies that China's foreign companies and employees who hire foreign employees.
According to Bloomberg, the Chinese EU Chamber of Commerce welcomed the above policy of four years, saying that it was "very positive news."
The chamber of commerce said in a statement: "The Chinese EU Chamber of Commerce has always advocated this issue at all levels, thinking that it can help curb the outflow of foreign talents that have appeared in the past few years ... This isA news announced on the beginning of the start of the new school year that this will be a very popular news for families that have decided to come to China or stay here. "
