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China issues regulations on cost sharing agreements
P225/2015 – 13 August 2015
China’s State Administration of Taxation recently changed its rules on cost sharing agreements (CSAs), which now require Chinese taxpayers that enter into a CSA to register the agreement with the local tax authorities within 30 days of entering into the agreement.
China’s State Council on 14 May released Guofa  No. 27, “Decision of the State Council on Cancelling Items Requiring Non-administrative Approval.” Further to a series of previous circulars, Circular 27 cancelled 49 items in total that previously required non-administrative approvals, including approval of CSAs.
Soon after Circular 27 was issued, China’s State Administration of Taxation (SAT) promulgated SAT Bulletin  No. 45, Bulletin on Standardizing the Administration of Cost Sharing Agreements, effective 16 July 2015, to implement the decisions of Circular 27 from the perspective of the tax administration.
P210/2015 – 30 January 2015
BEPS Actions 8, 9, and 10: Discussion draft on revisions to chapter I of the transfer pricing guidelines (including risk, recharacterization, and special measures)
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