Ministry of Commerce: Stabilize investment expectations, encourage and support overseas investors to expand their investments in China.

According to the Securities Times app, on July 16th, the General Office of the Ministry of Commerce issued a notice on the implementation of the policy on tax offset for overseas investors investing profits directly. It was proposed that local commerce authorities should strengthen coordination with relevant departments, play a supervisory role, track and manage overseas investors benefiting from tax offsets and their corresponding investments in accordance with the law; establish work ledgers, regularly understand the operation of invested enterprises through information sharing, on-site visits, etc. For overseas investors who withdraw their investments, understand the reasons and urge them to submit relevant information as required; for those found to not meet the specified conditions in subsequent management, promptly report the situation to the tax authorities and cooperate in recovering taxes; if any related foreign-invested enterprise is found to have violated foreign exchange management and tax collection regulations, promptly report to the foreign exchange, tax authorities, and other departments for law enforcement.