China Tax Weekly Update - Issue 48
China Tax Weekly Update - Issue 48
The following matters are covered in this issue:
- SAT pushes forward China’s 13th Five Year Plan agenda for giving tax rules more rigorous basis in law (Shui Zong Fa [2016] No.169)
- Rules for discretion for tax authorities to levy penalties (SAT Announcement [2016] No. 78)
- SAT clarifies CIT treatment of asset transfers and insurance premiums (SAT Announcement [2016] No.80)
- CIT refund arising from LAT settlement clarified (SAT Announcement [2016] No. 81)
- New China-Chile DTA takes effect (SAT Announcement [2016] No. 79)
- Protocol to China-Pakistan DTA signed
- OECD advances BEPS continuity work
- OECD releases further BEPS guidance on CbC reporting and country-specific information on implementation
- OECD releases MAP statistics for 2015
- China to further regulate investment projects (Decree of the State Council No.673)
- SAFE clarifies forex policy on profit repatriations by FIEs
- Revised accounting rules on VAT released (Cai Kuai [2016] No. 22)
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