Time for QFIIs and RQFIIs to pay their taxes

January 13, 2015 | BY

clpstaff &clp articles

After ten years, a regulatory framework has now been put in place for QFII and RQFII income tax. Investors must pay taxes for gains made before November 17 last year and should consult with authorities to verify calculation methods

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It is difficult to imagine that a cross-border investment programme could run for over ten years without a clear tax regime. The Qualified Foreign Institutional Investor (QFII) scheme was launched