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Some forms of an individual's income are tax-exempt, subject to the conditions specified in Chinese law, as follows:
- A standard monthly exemption of CNY 4,800 on income from a salary for a foreign resident, and CNY 2,000 for a Chinese resident.
- Income from interest on a State bond.
- Compensation from an insurance company.
- Severance pay in accordance with the provisions of Chinese law.
- Subsidies that are lawfully received.
- A pension from work, and allowances for survivors.
- Prizes granted by the Government for sporting, educational and other achievements.
- Income from interest and a divided on shares, as defined in law. That was distributed to a foreign resident as well as income as above from shares in Chinese companies that are traded on the Stock Exchange.
- Capital gains from sale of private dwelling held for 5 years.
- Dividend received by a listed resident company from another resident company.
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