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AmCham China's Tax Forum cordially invites you to attend a panel discussion on tax planning considerations when repatriating profits from China. The panel will also give an overview of the general anti-avoidance rule (GAAR) in China and its application in cross-border investment into China.
The State Administration of Taxation (SAT) in China issued the beneficial ownership rules (Circular 601) and the indirect transfer rules (Circular 698) in 2009. These rules have been implemented for three years. On July 16, 2012, the SAT released Announcement 30 to supplement Circular 601, aiming to make it easier for some foreign investors to access treaty benefits and lower Chinese withholding rates when repatriating dividends, interest, or royalties from China. In addition, the SAT plans to release an interpretative circular to carve out certain internal reorganization transactions with no tax avoidance motives from taxation under the indirect transfer rules.
The State Administration of Taxation (SAT) in China issued the beneficial ownership rules (Circular 601) and the indirect transfer rules (Circular 698) in 2009. These rules have been implemented for three years. On July 16, 2012, the SAT released Announcement 30 to supplement Circular 601, aiming to make it easier for some foreign investors to access treaty benefits and lower Chinese withholding rates when repatriating dividends, interest, or royalties from China. In addition, the SAT plans to release an interpretative circular to carve out certain internal reorganization transactions with no tax avoidance motives from taxation under the indirect transfer rules.
In this event, two senior-level tax professionals who are experienced in advising multinationals on doing business in China will discuss the following topics:
-Overview of the general anti-avoidance rule (GAAR) in China and its application in cross-border investment into China.
-Recent development in the Chinese beneficial ownership rules, the SAT Announcement 30.
-Update on the Chinese indirect transfer rules, the upcoming circular to supplement Circular 698.
-Overview of the general anti-avoidance rule (GAAR) in China and its application in cross-border investment into China.
-Recent development in the Chinese beneficial ownership rules, the SAT Announcement 30.
-Update on the Chinese indirect transfer rules, the upcoming circular to supplement Circular 698.
