Tax

Environmental protection tax replaces pollutant discharge fee.

SAT clarifies on the effective date of levy of VAT on managers of asset management products.

Managers of asset management products shall pay VAT.

China restructures income distribution to foster middle-income class.

Stricter criteria for advance pricing arrangement applications.

Stricter criteria for advance pricing arrangement applications.

MNCs managing tax audit risks in China must conduct a complete analysis in response to the new APA rules that set higher submission standards and require greater disclosure

The SAT has clarified VAT will not be levied on purely offshore activities

SAT requires filing of contemporaneous documentation and country reports for transfer pricing.