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 in 2002 and allows selected overseas institutional investors to convert their foreign currency to invest in China's capital markets.
Time for QFIIs and RQFIIs to pay their taxes
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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