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China to implement tax breaks for venture capital firms

Published 12/12/2018, 06:42 AM
Updated 12/12/2018, 06:45 AM
© Reuters.  China to implement tax breaks for venture capital firms

© Reuters. China to implement tax breaks for venture capital firms

BEIJING (Reuters) - China will implement preferential personal income tax policies to support venture capital firms, state radio quoted the cabinet as saying on Wednesday.

The tax breaks, effective from Jan. 1, will cover share dividend incomes of partners at venture capital firms, the cabinet said.

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