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Economic system6 hours prior to now (Dec 31, 2021 10: 00PM ET)

BEIJING (Reuters) – China will prolong preferential profits tax insurance policies for foreigners residing in the nation to Dec. 31, 2023, the finance ministry said on Friday, as segment of measures to ease the burden on taxpayers.

Previously, China said advantages and allowances for foreigners including housing condominium and training for his or her young people would dwell to be profits tax-exempt beginning Jan. 1, 2022.

In fresh days, the manager has pledged to further slice taxes and charges in 2022 to make stronger struggling companies. China can even prolong some favourable profits tax insurance policies to ease the burden for center- and low-profits teams.

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