China tax deferral for private pension “very significant”, CSIA head says

Beijing’s recent move to allow individuals to defer tax on a portion of income used to purchase commercial pension insurance products is a “very significant” step for pension reform in the Mainland, according to a top official of the China Social Insurance Association (CSIA). Under the initiative unveiled on April 2, Mainland Chinese can delay paying the tax until they retire … http://bit.ly/2kEUhjW

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