China to Clarify Offshore Trust Tax Rules; EU Packaging Rules; and First European RMB Clearing House

State Taxation Administration trains local officers and drafts guidelines to resolve confusion over new offshore trust taxation | EU’s new packaging rules create headache for Chinese exporters | Deutsche Bank authorized as renminbi clearing bank amid internationalization push

By Jeffrey Tse
China to Clarify Offshore Trust Tax Rules; EU Packaging Rules; and First European RMB Clearing House



New Guidance Aims to Align Interpretation of Trust Tax Rules



China's State Taxation Administration is conducting large-scale training for local tax officers and drafting guidelines to clarify the application of new offshore trust tax rules.

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