Video: Shenzhen Tax Deferrment Policy

A deferred taxation policy will be applied, and withholding income tax temporarily not levied, where the prescribed conditions are met on profits distributed to foreign investors, from domestic resident enterprises in China, that are reinvested.

In layman's terms, if foreign investors re-invest their profits in China, instead of sending the money out of China, no corporate income tax will be charged at the time. 

Video source: Shenzhen Tax

This move will not only reduce capital pressure and tax costs, but reinvestment will also bring employment and taxes. Today, the amount of dividends that enjoy deferred taxation has increased from nearly 1.7 billion yuan in the first three quarters of last year to nearly 2.6 billion yuan in the first three quarters.

Source: 3分钟视频曝光！这一政策为何在深圳获赞无数？原因揭开......

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