Asia-Pacific
China
Asia-Pacific
Asia-Pacific
Africa
Americas
Asia-Pacific
Americas
Asia-Pacific
Asia-Pacific
China names Xiao Jie as Finance Minister
The Chinese government has appointed Xiao Jie as its new Finance Minister, China’s . . .
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Asia-Pacific
Americas
Asia-Pacific
Asia-Pacific
Asia-Pacific
China makes major changes to transfer pricing documentation and reporting rules for multinationals
Daniel Chan, Windson Li, and Henry Ji, of DLA Piper, Hong Kong, provide a comprehensive overview of key Chinese transfer pricing documentation, inter-company transaction reporting, and country-by-country reporting rules, which were adopted on July 13 . . .
Asia-Pacific
Asia-Pacific
China to offer key tax breaks to promote foreign investment
Richard Tan, a partner at Zhong Lun Law Firm, discusses the State Council’s new plan to promote foreign investment into China, presented August 16, which includes withholding tax deferral for reinvested dividends, an extension of the technological service enterprises tax incentive, and a new tax break for overseas income remitted back to China . . .
Asia-Pacific
Africa
Americas
Switzerland weighs expansion of automatic exchange of tax information to 20 more countries
Davide Anghileri of the University of Lausanne discusses Switzerland’s decision to launch a consultation on automatic exchange of information with 20 more countries . . .
Asia-Pacific
Asia-Pacific
EU, China sign customs cooperation agreement
The European Union and China on June 2 signed a customs cooperation agreement covering the years 2018–2020, providing the priorities for EU-China customs cooperation, writes Davide Anghileri . . .
Africa
Asia-Pacific
Africa
Africa
Africa
BRICS: tax policies should enhance growth, address BEPS
BRICS leaders, following their summit held October 15–16, called for tax policies that promote inclusive growth and expressed support for the implementation of the OECD/G20 base erosion profit shifting . . .
Americas
China, India, Canada, Iceland, Israel, New Zealand agree to exchange of country-by-country transfer pricing reports
Officials from six countries today signed a multilateral agreement that sets out the parameters for the automatic exchange of country-by-country reports on large multinational corporations. China, India, Canada, Iceland, Israel, and New Zealand joined 33 other countries that have . . .
Asia-Pacific
Americas
Asia-Pacific
China/Hong Kong protocol clarifying taxation of investment funds enters into force
The fourth protocol to the China/Hong Kong income tax arrangement, signed April 1, 2015, entered into force on December 29, 2015, the Hong Kong Inland Revenue Department . . .
Asia-Pacific
China to complete switch from business tax to VAT in 2016
China will complete its plan to replace the business tax with a value-added tax (VAT) for the services sector in 2016, the official state news agency Xinhua reported Monday. VAT reform will be implemented . . .
Africa
Developing nations detail their experiences with BEPS, react to OECD work
Tax officials from 11 developing nations described the most common practices MNEs use to shift profits out of their countries, obstacles that prevent their countries from stopping these practices, and their reactions to the OECD/G-20 base erosion profit shifting (BEPS) project, responding to a UN request for . . .
Asia-Pacific
Asia-Pacific
Chinas Zhejiang State Tax Bureau releases guidance on transfer pricing and deductibility of related party payments – EY
The Guideline for Tax Risk Management of Fees paid to Overseas Related Parties, issued June 30, interprets Announcement 16, released in March, writes EY. See: EY
Asia-Pacific
China and Russia sign new tax treaty, text available
China and Russia on October 13 signed an agreement for the avoidance of double taxation. The agreement would replace a tax treaty signed by the countries in May 1994. Under the new agreement, dividends . . .
