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Pilot program on promoting commercial health insurance products coupled with individual income tax break

Pilot program on promoting commercial health insu...

China Tax Alert - Issue 11, May 2015  

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The Ministry of Finance, State Administration of Taxation and China Insurance Regulatory Commission joined forces and issued Cai Shui [2015] , introducing favourable tax treatment on premiums paid for qualified commercial health insurance products. The program is to be rolled out in pilot cities throughout China. 

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