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ARTICLE · 18 FEBRUARY 2015

Asia Tax Bulletin - January 2015

Mayer Brown
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We are pleased to present to you the first edition of our firm’s Asia Tax Bulletin.

GlobalTax
Pieter De Ridder
Pieter De Ridder
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CHINA

China Releases GAAR Administrative Measures

  • Courtesy of Mr Glen Wei, an attorney at law, certified tax adviser, and CPA based in China.China's State Administration of Taxation (SAT) on December 12 issued Decree 32 (dated December 2) introducing administrative measures for applying the domestic general anti-avoidance rule to special tax adjustments made to enterprises' tax avoidance arrangements.
  • The draft guidance said one of the features of a tax avoidance arrangement is that its sole or main purpose, or one of its main purposes, is to obtain tax benefits. The term "one of its main purposes," which caused much public concern, does not appear in the administrative measures.

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