China’s General Office of the State Administration of Taxation (SAT) in a Sept 15 English-language news release described the contents of a recently issued SAT Announcement “Reporting of Information on Overseas Investments and Income by Tax-resident Enterprises.”
The Announcement, issued on July 3 after consultation with business and government officials, requires reporting of resident enterprises’ overseas investments and income and non-resident enterprises’ income which takes place abroad but is related to its domestic institutions and locations. For details, see SAT release.
