Foreign businesses hail China’s extension of expat tax relief as ‘real victory’

China's extension of tax exemptions for expatriates until the end of 2027 is seen as a positive move that could help retain foreign talent and companies in the country, according to foreign business groups. The extension of individual income tax benefits for expats, which were set to expire at the end of the year, is expected to curb the outflow of foreign talent that has occurred in recent years. This move is seen as a victory for sustained advocacy and a sign that the Chinese government is listening to calls for change.