China alert - Issue 29, August 2011
The State Administration of Taxation (SAT) issued the announcement  No. 45 (Announcement 45) on 27 July 2011 to deal with various issues concerning China-controlled overseas-registered resident enterprises, such as the tax residency identification and Corporate Income Tax (CIT) administration matters. Announcement 45 sets out implementation details of the existing regulations. Announcement 45 will take effect from 1 September 2011. The announcement shall be applied to China-controlled foreign enterprises that have been identified as resident enterprise according to Guo Shui Fa  No. 82 (Circular 82) as well.