China's State Council: the personal waiver to impose financial settlement with the Securities and Exchange interest tax

With regard to individual stock market investors with the Securities and Exchange settlement funds interest income
The individual income tax policy to inform
Taxation [2008] No. 140
Provinces, autonomous regions and municipalities, cities City Department of Finance (Board), where the Inland Revenue Department, Tibet, Ningxia, Qinghai province (autonomous region) National Tax Service, Xinjiang Production and Construction Corps Finance Bureau:
According to the "People's Republic of China Individual Income Tax Law" with the relevant provisions, approved by the State Council, on the stock market are individual investors access to the settlement with the Securities and Exchange funds interest income related to personal income tax to inform policy are as follows:
Since October 9, 2008, the stock market for individual investors to obtain the funds settlement with the Securities and Exchange interest income, personal income tax levy waiver, that is, individual stock market investors, the Securities and Exchange settled in the capital in October 2008 after 9 (including Oct. 9) to seek interest income, personal income tax levy waiver. Ministry of State Administration of Taxation
October 26, 2008
(Note: China since November 1, 1999 on the savings deposit interest income since the resumption of levying a tax, interest tax in encouraging consumption and investment, a reasonable regulation of personal income to increase revenue, and so has played an active role. In 2007, in order to reduce As a result of price increases on deposit interest income Residents affected, the overwhelming majority in the lower tax burden low-income depositors, the Chinese will be made on August 15 after the accrued interest reduced by 20 percent to five percent levy a tax. )
关于证券市场个人投资者证券交易结算资金利息所得
有关个人所得税政策的通知
财税[2008]140号
各省、自治区、直辖市、计划单列市财政厅(局)、地方税务局,西藏、宁夏、青海省(自治区)国家税务局,新疆生产建设兵团财务局:
根据《中华人民共和国个人所得税法》有关规定,经国务院批准,现就证券市场个人投资者取得的证券交易结算资金利息所得有关个人所得税政策通知如下:
自2008年10月9日起,对证券市场个人投资者取得的证券交易结算资金利息所得,暂免征收个人所得税,即证券市场个人投资者的证券交易结算资金在2008年10月9日后(含10月9日)孳生的利息所得,暂免征收个人所得税。
财政部国家税务总局
二○○八年十月二十六日
(注:中国自1999年11月1日对储蓄存款利息所得恢复征收个税以来,利息税在鼓励消费和投资、合理调节个人收入、增加财政收入等方面发挥了积极作用。2007年,为减少因物价上涨对居民存款利息收益影响,降低广大中低收入储户税负,中国作出了将8月15日以后孳生的利息由百分之二十减按至百分之五征收个税的决定。)