The State Administration for Taxation (SAT) released the Announcement on the Recognition of the “Beneficial Owner” in Tax Agreements (关于认定税收协定中“受益所有人”的公告) on June 29 and it came into effect on July 1.
The Announcement reduces the
Foreign investors get tax dividend boost
A new Announcement has lowered withholding tax in China, but foreign companies still need to comply with strict regulations from the State Administration of Foreign Exchange
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