CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. China To Extend Stamp Duty Exemption For Closed-End Funds

China To Extend Stamp Duty Exemption For Closed-End Funds

by Mary Swire, Tax-News.com, Hong Kong

03 December 2004


China’s Ministry of Finance and State Taxation Administration have issued a joint communiqué announcing an extension to stamp duty exemption for the buying and selling of closed-ended investment funds.

The exemption applies to funds listed on the Shanghai and Shenzhen securities exchanges from 1st January 2003 and is available to both individual and institutional investors.

While the government announcement failed to detail the duration of the extended stamp duty exemption, it is widely perceived that the measure will last for a considerable time.

The measure to exempt closed-end funds from the tax came about in 1998 when such vehicles were established. The exemption has since been extended twice, in 2000 and 2001.

A comprehensive report describing the investment fund sector in most key offshore jurisdictions, with details of the regulatory structure, is available in the Tax News Reports Shop at http://www.tax-news.com/reportshop/

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »