SAT issues clarification on non-resident enterprises electing for “special tax treatment” ...
SAT issues clarification on non-resident enterpri...
China Tax Alert - Issue 36, December 2013
SAT issues clarification on non-resident enterprises electing for “special tax treatment” of PRC equity interest transfers
On 12 December 2013, the State Administration of Taxation issued the Circular 72 to provide more specific guidance on the recordal filing requirement for “special tax treatment” of certain cross-border corporate re-organisation involving PRC equity interest transfers. The Circular 72 clarifies the fulfillment of administrative procedures for the election of “special tax treatment” on the two types of cross-border Qualifying Transfers by way of recordal filing with PRC tax authorities and it also supplements and updates the previous requirements of Circular 59 and Circular 698.
© 2022 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Mainland China, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) 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.