In the news: Chinese companies abroad get taxed, the PBOC frees retail exchange rate and BAIC Motor plans HK IPO
July 11, 2014 | BY
clpstaff &clp articlesThis week the tax authorities tightened disclosure rules for Chinese companies with overseas assets, the renminbi over-the-counter exchange rate was liberalised and BAIC Motor filed for a US$2 billion IPO in Hong Kong
Share:
Tax rules tightened
The State Administration of Taxation has issued a new regulation that requires greater disclosure by PRC companies of their overseas investments and income. Aimed at boosting tax