This article first appeared in Transfer Pricing Week, a sister publication of China Law & Practice
On March 18, the SAT issued a notice, in accordance with China's Enterprise Income Tax law, which is intended to further regulate and strengthen the transfer pricing management of fees paid by companies to offshore related parties.
China's SAT issues regulations on outbound service payments as part of crackdown on tax evasion
China's State Administration of Taxation (SAT) recently issued a notice regarding payments involving related offshore parties. China has openly declared its plans to crackdown on tax evasion, so the issuing of new regulations come as no surprise
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