China issues tax guidelines to support foreign trade and foreign investment

People wearing face masks to prevent the spread of the coronavirus disease (COVID-19) walk across a street near a shopping mall in Beijing, China April 15, 2022. REUTERS/Tingshu Wang

BEIJING, May 31 (Reuters) – China’s taxation authority on Tuesday issued guidelines to provide favourable tax policies to boost foreign trade and foreign investment as the economy lost momentum this year.

The guidelines include the acceleration of tax rebates for exporters, support cross-border e-commerce trade and encourage foreign investment, the State Taxation Administration said in a notice.

Reporting by Beijing Newsroom, editing by Ed Osmond

Our Standards: The Thomson Reuters Trust Principles.