QFII, RQFII holders face $4bn tax headache
Under-provisioned fund firms could be hard hit after authorities unveiled a 10% capital gains tax on QFII and RQFII investments retrospectively, sparking fears it could deter interest in the schemes.
It has been estimated that holders of QFII and RQFII quotas could be facing a $4 billion bill after authorities ruled they would be subject to 10% capital gains tax on investments retrospectively.
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.