Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 631/2/7
23 January 2009
Dear Sirs,
Commercial Information Circular No. 50/2009
The Mainland of China : "Implementation Measures of Special Tax Adjustment (Provisional)"
The State Administration of Taxation promulgated recently the "Implementation Measures of Special Tax Adjustment (Provisional)" which set out the special tax adjustment administration by tax authorities, covering enterprises' transfer pricing, advance pricing arrangements, cost sharing arrangements, controlled foreign corporations, thin capitalisation and general anti-tax avoidance. A copy of the "Implementation Measures" is attached at Appendix (pdf format) for reference.
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For details of the "Law on Corporate Income Tax of the People's Republic of China" and its implementation regulations, please refer to CIC No. 132/2007 dated 21 March 2007 and CIC No. 499/2007 dated 13 December 2007.
ENQUIRIES
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If you have any questions on the content of this circular, please contact Ms. Eugenia CHAN at 2398 5444.
Yours faithfully,
(Miss Crystal YAN)
for Director-General of Trade and Industry
| Note : | While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same. |