BEPS deliverables landing at China SAT releases draft new transfer pricing administration measures for public comments

Tax Update


On 17 September 2015, China's State Administration of Taxation released the draft of 'Implementation Measures of Special Tax Adjustment' for public comments.

As a response to the deliverables of the Base Erosion and Profit Shifting Action Plans, the Draft absorbs many recommendations in the BEPS Deliverables and represents the most prominent development in China's transfer pricing regime.

Once the Draft is officially issued, it is expected to significantly impact and shape multi-national companies' transfer pricing practice in China.