First unilateral APA signed in Beijing
June 17, 2009 | BY
clpstaff &clp articles &The economic and technological development zone office of the Beijing Municipal State Tax Bureau (BSTB) has signed its first unilateral advanced pricing…
The economic and technological development zone office of the Beijing Municipal State Tax Bureau (BSTB) has signed its first unilateral advanced pricing agreement (APA) after various rounds of negotiations.
The BSTB said on its website (http://www.bjsat.gov.cn/en/index.jsp) that it would be continuously and cautiously responsive to current and future APA applications submitted by taxpayers. While on one hand, the BSTB will actively respond to taxpayers' APA applications, on the other hand it will review them carefully, specifically focusing on comparability analysis and industry analysis in respect of, for example, major assumptions, transfer pricing policy and methodologies.
The full version of this story is available at www.tpweek.com
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