China concludes first bilateral APA with European country
July 15, 2009
The milestone arrangement between China and Denmark is also the first bilateral advance pricing arrangement (BAPA) to be signed since the country’s new transfer pricing regulations were released in January 2009.
The State Administration of Taxation of China (SAT) and the Danish Tax Authorities (DTA) have completed negotiations for two BAPAs involving a leading Danish technology company and two of its Chinese subsidiaries.
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