On May 11, in order to better support the enjoyment of tax treaty treatment100handvideopokerstrategyQFII and RQFII will exempt or reduce their dividend income tax, and China Clearing will calculate their dividend income tax at the tax rate set by tax treaty arrangements. In order to ensure the effectiveness of the dividend and dividend business tax calculation function and the correctness of interface file processing, China Clearing Shanghai Branch is scheduled to organize a business network test on May 11 (Saturday) to verify the correctness of the transmission and processing of the data involved in dividend and dividend business distribution and tax calculation and the dividend distribution results in QFII accounts. Participating units include China Clearing Shanghai Branch and clearing participants (securities companies, custodian banks). It is reported that the expected results of this network-wide test are: each participating institution checks that the dividend distribution results of relevant QFII accounts are correct, realizes the dividend and dividend business is distributed according to the agreed tax rate, and is able to normally receive documents and normally process the dividend and dividend business distribution and tax calculation. Relevant data involved in tax calculation will be processed normally by the system at the end of the day. (China Securities Taurus)
