April 2022 - Latest development of APA in China Part I - Simplified procedures of unilateral APA

The State Administration of Taxation (“STA”) has made continuous effort in promoting Advanced Pricing Arrangement (“APA”). On 26 July 2021, the STA issued STA Public Notice [2021] No.24 (“Bulletin 24”), which sets forth simplified procedures for unilateral APA for enterprises that meet certain conditions. On 29 October 2021, it also published the China APA Annual Report (2020) (“2020 Annual Report”). The report shows that the STA signed record-high unilateral APAs and bilateral APAs in 2020.

In this newsletter, we will focus on the simplified procedures for unilateral APA. The discussion on 2020 Annual Report would be covered in Part II.

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Simplified-Procedures-of-Unilateral-APA-Part-I-.pdf

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