OrbitaxOrbitax

China Issues Simplified Procedures for Unilateral APAs

|Approved Changes|China
China

China's State Administration of Taxation (SAT) has issued Announcement No. 24 (2021), providing simplified procedures for unilateral advance pricing agreements (APAs), which will come into effect on 1 September 2021. An Interpretation of the Announcement from the SAT has also been issued.

The simplified procedures are meant to optimize the business environment, promote tax cooperation, and i…