Home North Asia China Asset Managers to Face a New 3 per cent Value Added...

China Asset Managers to Face a New 3 per cent Value Added Tax

315
0
News in Brief - Caproasia Online


For CEOs, Entrepreneurs, UHNWs, HNWs, Financial Professionals & Professional Investor searching for $3 million to $300 million financial services? Find corporate banks, private banks, loans, capital and more at The Financial Centre | TFC. Visit here and Register here

Caproasia.com is the leading platform for information, data, research and resource for the financial industry in Asia. Collectively, they manage more than $20 trillion assets in Asia in Investments, Fund Management, Asset Management, Private Banking, Wealth Management, Multi-Family Office, Family Office, Private Equity and Hedge Funds.


China Asset Managers to Face a New 3 per cent Value Added Tax 

China’s asset managers will face a 3% value added tax (VAT) for returns on assets under management from 1st January 2018 according to a joint notice from the Ministry of Finance and State Administration of Taxation on Friday.

“China is amongst the first countries in the world to have a VAT applied broadly to the finance industry.”

China is amongst the first countries in the world to have a VAT applied broadly to the finance industry, including the transfer, issuance and redemption of financial products.

News Source: South China Morning Post 





For CEOs, Entrepreneurs, UHNWs, HNWs, Financial Professionals & Professional Investor searching for $3 million to $300 million financial services? Find corporate banks, private banks, loans, capital and more at The Financial Centre | TFC. Visit here and Register here

Spending millions and months searching for $3 million to $300 million clients. Finding clients just got easier. Let CEOs & Entrepreneurs and UHNWs & HNWs find you in seconds. Learn more

Managing, investing and advising millions & billions of assets in Asia? Join more than 10,000 ++ leading financial professionals at Caproasia.com | Become a Caproasia user here or sign up for Newsletter here and join 6,000 ++ leading financial professionals.

Caproasia.com is the leading platform for information, data, research and resource for the financial industry in Asia. Collectively, they manage more than $20 trillion assets in Asia in Investments, Fund Management, Asset Management, Private Banking, Wealth Management, Multi-Family Office, Family Office, Private Equity and Hedge Funds.