Further rules on determination of beneficial owner published
The State Administration of Taxation (SAT) issued an Announcement on 29 June 2012 (Gong Gao [2012] No. 30) providing further rules on determination of beneficial owner under tax treaties. The Announcement applies from the same date as the issue date of this Announcement and its content is summarized below.
According to the Announcement whether or not a resident of a contracting state is th…