China tax planning to be impacted by BEPS Action 7 permanent establishment proposals

China tax planning to be impacted by BEPS Action ...

China Tax Alert - Issue 12, June 2015  

1000
curves modern glass building

On 15 May 2015 the OECD released, in the context of the G20/OECD Base Erosion and Profit Shifting (BEPS) international tax reform project, a revised discussion draft on the taxation of permanent establishments (PE).  The BEPS PE work in Action Plan Item 7 aims to adjust the definition of PE to prevent the artificial avoidance of PE status, such as through use of commissionaire arrangements or the specific activity exemptions in the PE article. This document examines the discussion draft and its implications for multinational enterprises.

© 2024 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Chinese Mainland, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) 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://kpmg.com/governance.

京ICP备12028186号-1
京公网安备11010102003233号

Connect with us

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today