(Beijing Bloomberg) China will continue the implementation of personal income tax policies for foreigners working in China until the end of 2027, and a encouraging signal to foreign companies in China will be issued.
The Ministry of Finance of China and the State Administration of Taxation of China issued a statement on Monday (August 29) stating that it will continue the implementation of tax exemption policies such as housing subsidies, language training fees, and children's education expenses.
Earlier this month, the Chinese EU Chamber of Commerce called on Beijing to "emergency clarification" whether the tax -free preferential policies for foreign employees will continue to apply after the end of this year, and it is said that the continuation of this policy will show that it will show that the continuation of this policy will show that it will showChina's firm commitment to foreign companies and Chinese -funded companies hired foreign employees.
The official announcement of the official income tax policy of foreigners was extended for four years, and the Chinese EU Chamber of Commerce welcomed it on Monday, saying that it was "very positive news."
"The Chinese EU Chamber of Commerce has been advocating this arrangement to governments at all levels, thinking that this can help curb the outflow phenomenon of foreign talents that have appeared in the past few years." The chamber of commerce said in a statement: "This news is in the new school year in the new school yearIt is announced at the beginning that this will be a very popular news for families who have decided to go to China or stay here. "
