China Tax Alert - Issue 3, February 2015
On 3 February 2015 the Chinese State Administration of Taxation (SAT) issued the long-awaited Announcement 7, replacing the PRC’s indirect offshore equity disposal reporting and taxation rules in Circular 698, promulgated in 2009, with a substantially new and more comprehensive approach. This document examines the new enforcement mechanisms and their Implications for multinational enterprises.
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