On 13 September 2017, Mr. Rao Lixin, director of the Tax Collection and IT Administration Department of the State Administration of Taxation (SAT), announced that the SAT will take further steps to enhance the use of information technology in tax administration:
On 13 September 2017, the State Council general office issued Circular Guo Ban Han  No. 84. The circular directs that, by 2020, coordinated regulatory mechanisms must be set up to better detect and deter money laundering, terrorist financing and tax evasion. Specifically, the rules:
On 13 September 2017, the Ministry of Commerce (MOFCOM) issued Measures for the Review of Concentration of Economic Power (Exposure Draft for Revision) (the “2017 Anti-Monopoly Measures”) to solicit public comments. Once the 2017 Measures comes into effect, it will replace two 2009-issued Measures; Measures for the Declaration of Concentration of Undertakings and Measures for the Review of Concentration of Undertakings.
Under the current rules, “concentration of economic power” refers to :
According to China’s anti-monopoly law, prior to any acquisition of a controlling stake, a declaration must be registered with and approved by MOFCOM, where the following thresholds are met:
Compared with the two 2009-issued Measures, and the Guidance on Declaration of the Concentration of Undertakings issued by the anti-monopoly bureau of MOFCOM in 2014, the 2017 measures make the following changes:
This builds on a 2009 measures provision concerning the definition of one “concentration of economic power” transaction. This provided that where multiple “concentration of economic power” transactions are carried out between the same two companies within two years, and each of transactions is below the declaration threshold, then those transactions shall be treated as one transaction for the purpose of the rules. The 2017 measures develop this definition further.
In September 2017, the UN Committee of Experts on International Cooperation in Tax Matters issued a document entitled ‘The digitalized economy: selected issues of potential relevance to developing countries’. This refers to the work of the Organization for Economic Cooperation and Development (OECD) base erosion and profit shifting (BEPS) project on addressing the tax challenges of the digital economy. The UN document looks at some of the unilateral measures introduced by Australia, China, France, India, Israel, Italy and the United Kingdom to tax digital economy activity:
(a) value added tax (VAT)-based measures, based on the geographical location of the consumer market (e.g., China levies taxes on retail goods that are imported through e-commerce);
(b) presumed allocation of profits to domestic jurisdiction (either by making use of a presumed permanent establishment approach like that adopted in the United Kingdom and Australia, or by requiring taxpayers to register in a country as a result of their digital presence);
(c) taxes on the use of a country’s digital infrastructure (e.g., Indian 6% equalization levy withheld from digital advertising service payments to non-residents); and
(d) transfer pricing-related measures (e.g. Italy has moved to align more closely with the revised OECD rules).
The document highlights the following: