State Taxation Administration, Announcement on Matters Relevant to Application of the Simplified Procedure to Unilateral Advance Pricing Arrangements

国家税务总局关于单边预约定价安排适用简易程序有关事项的公告

September 10, 2021 | BY

Susan Mok

Application for the simplified procedure for advance pricing is made easier

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Issued: July 26, 2021

Effective: September 1, 2021

Applicability: Unilateral advance pricing arrangements shall apply to affiliated transactions in the three to five tax years as of the tax year in which the day on which the competent tax authority serves on the enterprise the Tax Matter Notice accepting its application falls (Article 7).

The simplified procedure may not apply, for the time being, to unilateral advance pricing arrangements involving tax authorities of two or more