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)
© 2021 KPMG KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong 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.
Connect with us
- Find office locations kpmg.findOfficeLocations
- Email us kpmg.emailUs
- Social media @ KPMG kpmg.socialMedia