New Tax Credit Rule Promotes Outbound Investment

PRC outbound investment has received another boost via a new tax credit regulation that simplifies procedures and provides greater options to Chinese companies keen on multi-jurisdictional forays. It would be wise for these corporates to review and restructure their tax credit strategies to capitalize on the government's commitment to expanding outward.

8 minute readApril 22, 2018 at 01:05 PM

Hu Zhiqiang, Dai Guanchun

the Circular on Issues Relevant to Improving the Tax Credit Policy for Enterprise Offshoresourced Income 1 . THE OFFSHORE-PAID TAX MAY OFFSET THE LIMITATION OF FOREIGN TAX CREDITS COMBINING ALL OF THE JURISDICTIONS CONCERNED (COMPREHENSIVE TAX CREDIT METHOD)

1.1 The old rule may cause a

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