China will not tax local gov't bond interest
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China.org.cn, September 22, 2011
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China's Ministry of Finance said Thursday that it will exempt interest on bonds issued by local government between 2009 and this year from corporate income tax and individual income tax.
The move has been OKed by the State Council, said a statement posted on the ministry's website.
Local government bonds are bonds issued by provinces, autonomous regions, municipalities and cities specifically designated in the state plan.
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