China

Details

  • Service: Tax, Mergers & Acquisitions
  • Industry: Private Equity
  • Type: Publication series, Regulatory update
  • Date: 7/14/2010

Private Equity - Taxation on indirect transfer of shares in PRC companies 

Tax alert - Issue 18, July 2010

 

The Chinese tax authorities, in the first published case on the enforcement of Circular 698, have advised of the collection of the largest amount of tax on an indirect transfer of an equity interest in a Chinese resident enterprise. This case demonstrates the Chinese tax authorities' willingness to apply Circular 698 to indirect transfers of Chinese equity interests, and the enforcement method employed.

Tax alert - Issue 18
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