News Headline Summary

China will apply a sliding scale to taxes on stock dividends for individuals from Jan 1, 2013

- According to an announcement from the Ministry of Finance, dividends will be taxed at diminishing rates over time.

- Dividends from shares held for less than one month will be taxed at 20%, while stocks held for more than one month but less than one year will be taxed at 10%. For stocks held for over a year, the rate drops to 5%.

Print 01:34, 19 Nov 2012 - Asian News - Source: Newswires