China focuses on cross-border transactions in war on tax evasion
January 12, 2015
The Chinese State Administration of Taxation (SAT) has announced that general anti-avoidance rule (GAAR) measures will take effect from February 1 2015. The move signals a crackdown on profit shifting, which could see cross-border transactions increasingly scrutinised.
Although GAAR was first introduced to China in 2008, the SAT said, over the past six years, it has “gathered practical experience in administering GAAR in examination” and has “found an increasingly pressing need to introduce a set of coordinated administrative measures”.
Sorry. You must be a subscriber to view this article. Alternatively, why not take a free trial? To subscribe and access this article immediately simply click here or call +44(0)207 779 8380.