Published on: 2026-09-01
Source: People’s Republic of China — Translation
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Beijing, September 1 /Xinhua/ — From September 1, foreign individuals are required to pay a 20 percent individual income tax on dividends received from enterprises with foreign capital participation, according to a statement released Tuesday by the Ministry of Finance of China and the State Administration of Taxation of China.
According to the statement, in order to promote reforms and openness and attract foreign investment, a temporary exemption from this tax for foreign individuals has been implemented in China since 1994. As a unified national market is being formed across the country, China aims to optimize the preferential taxation system.
Analysts noted that this step contributes to maintaining fairness and uniformity in the tax system, promoting the creation of a unified national market across the entire country, as well as eliminating tax loopholes and more effective use of the regulatory role of taxation. -0-
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