China's State Administration of Taxation (SAT) has released new rules for advance pricing arrangements (APAs), signaling that the authority is willing to work more closely with multinational companies (MNCs), align with global audit standards and construct a more advanced framework to plug tax loopholes.
Perfecting an advance pricing agreement application in China
MNCs managing tax audit risks in China must conduct a complete analysis in response to the new APA rules that set higher submission standards and require greater disclosure
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Katherine Jo and clp articles