Tax & Accounting

China Issues Tax Guidelines For OBOR Trade

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China’s State Administration of Tax (SAT) have issued 59 tax guidelines for Chinese companies wishing to trade along the OBOR routes to cover the main overseas investment destinations of Chinese companies along the overland and maritime routes. The SAT said it will continue to update the guidelines and expand coverage of the series.

The guidelines are aimed to familiarize Chinese investors with policies in investment destinations, prevent taxation risks, and promote healthy development of companies overseas, the SAT said in a statement. The batch of guidelines introduces each local business environment, the main types of taxes, rules of taxation, and applicable bilateral tax agreements between China and the investment destinations.

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