OrbitaxTreaty between China (People's Rep) and Barbados – Anhui Tax Bureau rules Barbados IBC not "beneficial owner" for treaty purposes
|Treaty Development|China (People's Rep.); Barbados
It has been reported that the Anhui Tax Bureau has rejected application of a taxpayer for the benefits provided for under the tax treaty between China and Barbados. The case is summarized below.
A foreign shareholder (the Applicant) of an equity joint venture in Anhui province, who is located in Barbados, applied for the 5% dividend withholding tax provided for un…
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