TC

13/07/2011 17:34

CNBM (3323) confirms 10% income tax on local H-share holders

  <ET Net News Agency, 13 July 2011>  China National Building Material (CNBM, 03323)
announced arrangement on payment of final dividend to H-share individual shareholders.
  CNBM will determine the country of domicile of the individual H shareholders based on
the registered address as recorded in the register of members of the company on 3 June
2011.
  For individual H shareholders who are Hong Kong and Macau residents and those whose
country of domicile is a country which has entered into a tax treaty with the PRC
stipulating a dividend tax rate of 10%, CNBM will finally withhold and pay individual
income tax at the rate of 10% on behalf of the individual H shareholders.  

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