Standardization of the Administration on Cost Sharing Agreement

Standardization of the Administration on Cost Sha...

China Tax Alert - Issue 16, July 2015   The State Administration of Taxation (“SAT”) has promulgated the Announcement on Standardizing the Administration of Cost Sharing Agreement (“Announcement 45”) on June 16, 2015. The Announcement aims to implement the Decision of the State Council on Cancelling Items Requiring Non-administrative Approval (the “Decision”), streamline the administration process, as well as strengthen the follow-up administration, so as to improve and standardize the administration of cost sharing agreements. This document summarizes the implications of the announcement and the development of the administration on cost sharing agreement.  

1000

Related content

Connect with us

KPMG's new digital platform

KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.