SAT Clarifies New Rules on Tax Treaty Benefit Claims
Tax Newsflash:November 30, 2015/China
China’s State Administration of Taxation (SAT) issued guidance (Circular 128) on 29 October 2015 that clarifies the responsibilities of the tax authorities at all levels of the government when they assess whether a nonresident is entitled to benefits under China’s tax treaties. Circular 128 supplements guidance released in August 2015 (Bulletin 60)1 that eliminated the advance approval and registration requirement for nonresidents to obtain treaty benefits and introduced a new self-assessment procedure. (Tax Newsflash:November 30, 2015/China)
This newsletter explains the the following topics:
(1) Highlights of Circular 128
(2) Deloitte's comments
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