Notice of the Ministry of Finance and the State Administration of Taxation on the Corporate Income Tax and Value-Added Tax Policies for Overseas Institutions Investing in the Domestic Bond Market

This notice temporarily exempts overseas institutions from corporate income tax and value-added tax on bond interest income from investments in China's domestic bond market from November 7, 2018 to November 6, 2021, excluding income from institutions or establishments within China that have a substantive connection to the investment.