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China Issues Strengthened Transfer Pricing Rules Concerning Royalties and Service Fees

|Approved Changes|China
China

China's State Administration of Taxation has recently issued Public Notice No. 16 2015. The Notice, dated 18 March 2015, contains strengthened transfer pricing rules concerning service fees and royalties paid by a Chinese enterprise to a foreign related party, and clarifies the application of certain articles of the Enterprise Income Tax (EIT) Law. The main elements of the Notice are summarized…

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