Details

  • Type: Publication series
  • Date: 5/17/2013

People’s Republic of China – Clarifying When Secondment Creates Chinese Taxable Presence 

KPMG in the People’s Republic of China (PRC) reports that the State Administration of Taxation (SAT) issued Announcement 19 to provide guidance on when cross-border secondments of expatriates by foreign enterprises into PRC may create a PRC taxable presence. Announcement 19 is a welcome development for multinational companies (MNCs) doing business in China. It reduces uncertainty as to when a foreign enterprise might create PRC Corporate Income Tax (CIT) exposure through its secondment arrangements.
 

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