China's State Administration of Taxation has published Notice 102/2018, which provides for the expansion of the withholding tax exemption for reinvested dividend and profit distributions to all non-prohibited foreign investment to encourage inbound investment. The reinvestment exemption was introduced the end of 2017 for encouraged investments only ({News-2018-01-12/A/2-previous coverage}). The expansion of the exemption is effective from 1 January 2018 and applies to equity investment retur…