It has been almost two years since the PRC Enterprise Income Tax Law (EIT Law – 企业所得税法) took effect on January 1 2008, but the full consequences of the tax reform are still filtering through to various areas of business planning and activity in China.
New challenges in the pursuit of tax treaty benefits
A new tax circular addresses the issue of the definition of a beneficial owner under tax treaties, and puts a new burden on taxpayers. But many issues are left unclarified
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