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
In the news: Chinese companies abroad get taxed, the PBOC frees retail exchange rate and BAIC Motor plans HK IPO
This 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
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