Implementation of Announcement 16

Implementation of Announcement 16

China Tax Alert - Issue 17, August 2015  

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Since the introduction of Announcement 16, tax authorities across the country have strengthened their administration and management of cross-border payments of service fees and royalties to various degrees. Whilst we have not witnessed a significant increase in formal Announcement 16 transfer pricing audits per se, these varying levels of tightened efforts have led to many challenges to taxpayers. This alert looks at the key areas of Announcement 16 and some of the different practices adopted by tax authorities across the country.  

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