• Service: Tax, China Tax Services
  • Type: Publication series, Regulatory update
  • Date: 8/28/2014

Announcement of State Administration of Taxation on Issues Relating to the Information on Outbound Investment and Related Income Reported by Resident Enterprises 

China Tax Alert - Issue 23, August 2014


The economic globalization trend has propelled Chinese enterprises to pursue their “going-global” ambitions, expanding outbound investment in both scale and numbers. However, cross-border deals have posed challenges to China’s tax administration. To demonstrate its tax supervisory determination and strength, State Administration of Taxation introduces Announcement No. 38 to increase the supervision on offshore investments and curtail potential leakage of foreign-sourced tax revenues. Announcement No. 38 sets out a higher standard of compliance and documentation preparation for taxpayers. Taxpayers are advised to familiarize themselves with this new measure.

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