China Tax Weekly Update - Issue 26
China Tax Weekly Update - Issue 26
The followings are included in this issue:
- OECD releases a series of documents on the continuity BEPS work
- OECD releases guidance on the implementation of country-by-country reporting
- Release of BEPS discussion drafts on attribution of profits to permanent establishments and revised guidance on profit splits
- Discussion Draft on the Attribution of Profits to Permanent Establishments
- Discussion Draft on the Revised Guidance on Profit Splits
- Public review sought of BEPS Conforming Changes to Chapter IX of the OECD Transfer Pricing Guidelines
- Public comments received for the discussion draft on the development of a multilateral instrument to implement the tax treaty related BEPS measures
- New DTA signed between China and Romania
- Administration for tax residence certificates clarified (SAT Announcement [2016] No.40)
- Rules on Customs Inspection revised (State Council Order No. 670)
- Further VAT implementation rules from MOF and SAT
- MOF and SAT clarify VAT policies for interbank funding arrangements (Cai Shui [2016] No. 70)
- SAT carries out analysis on the tax burden of industries after the Implementation of VAT reform (Shui Zong Han [2016] No. 172)
- Further rules to push forward business system reform
- State Council issues notice to promote business registration reform (Guo Ban Fa [2016] No. 53)
- SAFE Announcement [2016] No. 2
- Further efforts to deepen reform of state tax and local tax collection administration systems
- SAT Issues the Administrative Measures on Tax-Related Information Query (SAT Announcement [2016] No. 41)
- SAT to Build Communication Mechanism among Tax Authorities, Private Bodies Providing Tax Professional Services and Their Industry Association as well as Taxpayers (Shui Zong Fa [2016] No. 101)
- Public consultation on new framework for formulation of local tax authority-issued tax guidance
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