China will levy a 3 pc VAT on financial asset returns from January 1. Photo: Getty Images
Daniel Ren
Opinion

Opinion

Across The Border by Daniel Ren

China to impose 3 pc VAT on asset managers’ returns from January

The 3 pc VAT, imposed on returns of funds under management, is lower than a 6 pc rate that was due to come into effect on July 1

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China will levy a 3 pc VAT on financial asset returns from January 1. Photo: Getty Images
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