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QFII, RQFII holders face $4bn tax headache

Toby Yiu
Under-provisioned fund firms could be hard hit after authorities unveiled a 10% capital gains tax on QFII and RQFII investments retrospectively, sparking fears it could deter interest in the schemes.
QFII, RQFII holders face $4bn tax headache

It has been estimated that holders of QFII and RQFII quotas could be facing a $4 billion bill after authorities ruled they would be subject to 10% capital gains tax on investments retrospectively. 

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