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China Issues New GAAR Administrative Measures

|Approved Changes|China
China

China's State Administration of Taxation recently issued Decree 32, dated 2 December 2014. The decree includes general anti-avoidance Rule (GAAR) administrative measures for special tax adjustments made in regard to enterprise income tax avoidance arrangements. The measures are based on China's Enterprise Income Tax Law, and clarify the applicable scope and judgment criteria of applying the GAA…

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