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%.
19 Nov 2012 - 01:34
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