close
Share with your friends

Clearer rules on benchmarking of inter-company lending to financial institutions

Clearer rules on benchmarking of inter-company le...

China alert - Issue 20, June 2011

1000

Related content

Clearer rules on benchmarking of inter-company lending to financial institutions

The State Administration of Taxation (SAT) has issued Announcement 34 on 9 June 2011 to deal with certain Corporate Income Tax issues. In particular, Announcement 34 sets out guidelines on assessing if the interest rate for an inter-company loan is in line with loans from financial institutions. Circular 34 will take effect from 1 July 2011.

© 2021 KPMG KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation.

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

京ICP备12028186号-1
京公网安备11010102003233号

Connect with us