Tag: China
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SAT Bulletin [42/2016] (China)
SAT Bulletin [2016] No. 42, issued by China’s State Administration of Taxation (SAT) on June 29, 2016, introduced significant changes to China’s transfer pricing compliance requirements. Here are the key aspects of this bulletin: New Documentation Framework Bulletin 42 established a three-tiered documentation structure, aligning with the OECD’s BEPS Action 13 recommendations: This replaced the…
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How CbC reporting is presented in China
Country-by-Country (CbC) reporting is a system that allows tax authorities to gather information on the financial activities of multinational corporations (MNCs) operating within their jurisdictions. The purpose of CbC reporting is to improve transparency, offer tax authorities data to evaluate transfer pricing risks, and enhance compliance with tax laws. In China, CbC reporting requirements were…
CbC Reporting 