Share
Print
A+
A-

China expands tax concessions for private pension nationwide

Writer:   |  Editor: Zhang Zhiqing  |  From:   |  Updated: 2024-12-17

China started Sunday to expand tax concessions for private pensions nationwide, following Thursday's announcement that the private pension scheme will be expanded from 36 pilot cities and regions to the entire country.

The news of China expands tax consessions for private pension nationwide is featured on CCTV. File photo 

The implementation of this policy dated back to Jan. 1, 2024, according to a statement issued by the Ministry of Finance and the State Taxation Administration on Friday.

The private pension scheme, launched in November 2022, was piloted in 36 cities and regions including Shenzhen, Beijing, Shanghai and Guangzhou. (Xinhua)

China started Sunday to expand tax concessions for private pensions nationwide, following Thursday's announcement that the private pension scheme will be expanded from 36 pilot cities and regions to the entire country.