Announcement of the Ministry of Finance and the State Administration of Taxation on the Application of Tax Policies for the Beijing Stock Exchange

This document clarifies that tax policies for investments in the Beijing Stock Exchange (BSE) will temporarily follow the existing tax rules applicable to the National Equities Exchange and Quotations (NEEQ) for individual income tax and stamp tax, and follow the Enterprise Income Tax Law and relevant VAT regulations for corporate income tax and value-added tax.