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China Publishes New APA Procedures including Increased Documentation Requirements

|Approved Changes|China
China

China's State Administration of Taxation (SAT) has published Public Notice 64/2016 on new procedures for the improvement of the administration of advance pricing agreements (APAs). Key points of the notice include:

  • Companies may enter into APAs with the tax authorities on the transfer pricing principles and methods used for its related party transactions for future periods;
  • Unilateral, bilater…

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