China Tax Alert - Issue 30, October 2013
The new double taxation agreement (DTA) between China and Switzerland has been signed. Investors from both countries could enjoy a potentially more beneficial withholding tax rate on dividend and royalty income. The New DTA limits the scope of capital gains tax exemption relief applicable on share disposals. Furthermore, the New DTA also introduces new clauses and articles to strengthen the anti-treaty shopping and anti-tax avoidance measure.
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