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China insurers tipped to roll out tax-deferral scheme

Elva Muk
Contributions into insurance retirement products are expected to enjoy tax benefits from next year despite the failure of a pilot scheme in Shanghai, says service provider EY.
China insurers tipped to roll out tax-deferral scheme

Market observers are optimistic that China is set to roll out a tax-deferral incentive scheme for insurance products under the individual retirement savings programme after ironing out technical issues.

The State Council gave no details on how or when the change would occur when it announced last week that it would permit tax-deferred insurance products.

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