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ARTICLE · 05 SEPTEMBER 2008

Trial Changes To The Tax Regime Concerning Outbound Payments For Services

Beiten Burkhardt
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In an effort to ease foreign exchange controls and expedite payments for services in foreign exchange, the State Administration of Foreign Exchange and the State Administration of Taxation of the People's Republic of China jointly promulgated.

ChinaGovernment, Public Sector
Daisy Duan
Daisy Duan
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The article was first published in Asian-Counsel magazine, issue September 2008  www.pbpress.com

In an effort to ease foreign exchange controls and expedite payments for services in foreign exchange, the State Administration of Foreign Exchange ("SAFE") and the State Administration of Taxation ("SAT") of the People's Republic of China jointly promulgated the "Circular on Relevant Issues Concerning the Trial Implementation of Tax Registration on Outbound Payments for Service Trade" (Circular Huifa [2008] No.8), effective as of 1 April 2008.

The SAT subsequently issued Circulars Guoshuihan [2008] Nos. 219 and 258 to provide more specific guidance concerning the implementation of Circular Huifa [2008] No.8.

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