Taxpayers criticise Chinese regulations
February 11, 2020
China’s transfer pricing regulations, which were published on January 9, will affect how companies manage their tax affairs and add to their compliance costs, say tax directors
The regulations provide detailed guidance to taxpayers on how they should comply with the general anti-avoidance and transfer pricing provisions stipulated under chapter 6, special tax adjustment section of the corporate income tax law. The authorities had previously focused on companies, including domestic ones, with international transactions. Now, with some exemptions, all Chinese taxpayers will be required to keep documentation.
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