China Laws and Regulations Update in January 2015
- The State Administration of Taxation of the PRC Promulgates the General Tax Avoidance Prevention Measures (for Trials)
On 2nd of December 2014, the State Administration of Taxation of the PRC promulgated the General Tax Avoidance Prevention Measures (for Trials), which will come into effect on 1st of February 2015.
This file has specified the characteristics of tax avoidance cases, tax adjustment measures, the general tax avoidance control procedure comprised of three processes, i.e. filing, investigating and closing a case, functions and authority different taxation authorities have in each process, and the rights of investigated businesses to raise objections, request remedies, act as mediators for settlement of disputes.