China Extends Preferential Tax Policies for Foreigners to 2028
- Move welcomed by European business group as ‘very positive’
- Extension of policies could help retain foreign talent
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China will extend preferential income tax policies for foreigners working in the country through the end of 2027, in a move that sends an encouraging signal to foreign businesses in China.
The Asian nation will continue to waive taxes on foreign workers’ benefits, including subsidies for housing, language training and children’s education, according to a statement from its finance ministry on Monday.