Notice Issued on Treaty Benefits Eligibility for Income From Chinese Investments

China's State Administration of Taxation recently issued Public Notice (2014) 24 which covers foreign underlying investors' eligibility for tax treaty benefits. The notice applies to interest and dividend income derived by foreign investors from entrusted investments through qualified foreign institutional investors investing in Chinese debt and equity instruments. A qualified foreign institutional investor is one that has gone through an approval process and obtained an investment quota to inv…