China tax newsletters
Mazars’ comments on tax issues in the People’s Republic of China.
February 2015 - China's major policy for overseas international taxation
February 2015 - Fine-Tuning of rules on non-resident indirect transfer by SAT
In order to open the China tax net wider to capture indirect transfer of assets and properties in China by foreign investors, the PRC State Administration of Taxation (“SAT”) issued the Bulletin regarding certain Enterprise Income Tax Questions of Indirect Property Transfer by Non-Resident Enterprises (Bulletin [2015] No. 7 (“Bulletin 7”)) in February 2015.
January 2015 - Easing of tax treatment in corporate restructuring activities in China
Back in March 2014, the PRC State Council issued a circular Guofa [2014] No. 14 (“Circular 14”) to express its opinion on further optimization of the market environment for merger and acquisition (“M&A”) as well as corporate restructuring.
September 2014 - SAT initiates the anti-avoidance review of payments to overseas
On 29 July 2014, the highest tax authority in China, namely the State Administration of Taxation (“SAT”), has issued the circular Shuizongbanfa [2014] No. 146 (“Circular 146”) to instruct all of its subordinate State and Local Tax Bureaux to perform a review of those enterprises paying significant amount of service fees or royalties to overseas related parties.
June 2014 - New China-UK tax treaty enters into force
On 13 December 2013, the New Double Taxation Agreement (“New DTA”) between China and the United Kingdom (“UK”) finally entered into force.
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