China tax planning to be impacted by BEPS Action 7 permanent establishment proposals
China tax planning to be impacted by BEPS Action ...
China Tax Alert - Issue 12, June 2015
On 15 May 2015 the OECD released, in the context of the G20/OECD Base Erosion and Profit Shifting (BEPS) international tax reform project, a revised discussion draft on the taxation of permanent establishments (PE). The BEPS PE work in Action Plan Item 7 aims to adjust the definition of PE to prevent the artificial avoidance of PE status, such as through use of commissionaire arrangements or the specific activity exemptions in the PE article. This document examines the discussion draft and its implications for multinational enterprises.
© 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.