The Resource New tax rules on offshore indirect transfer - boon or bane for foreign investors in China?

New tax rules on offshore indirect transfer - boon or bane for foreign investors in China?

Label
New tax rules on offshore indirect transfer - boon or bane for foreign investors in China?
Title
New tax rules on offshore indirect transfer - boon or bane for foreign investors in China?
Creator
Subject
Language
eng
Summary
This article first provides a summary of the application and major implication of Circular 698, followed by discussions of the changes as imposed by the new Public Notice 7, including the extended scope of charge, factors to be considered in determining what constitutes bona fide or reasonable commercial purpose, reporting requirements, safe-harbour rules, taxable transactions and other points of interest like withholding obligations and penalties. The article concludes with some recommendations on the courses of action to take in response to the issuance of this new Public Notice 7
Citation source
In: International tax journal. - Chicago. - Vol. 41 (2015),
http://library.link/vocab/creatorName
Ng, C.Y.M
Geographic coverage
Asia
Language note
English
http://library.link/vocab/subjectName
  • offshore indirect transfer
  • anti-avoidance
  • reporting requirements
  • safe harbour
  • withholding tax
  • penalties
  • interest
Label
New tax rules on offshore indirect transfer - boon or bane for foreign investors in China?
Instantiates
Publication
Label
New tax rules on offshore indirect transfer - boon or bane for foreign investors in China?
Publication

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