China issues clarification on beneficial ownership in tax agreements
17 August 2012
For the first time, China's State Administration of Taxation has provided for the direct recognition of a beneficial owner without references and analysis.
Full details of the SAT Announcement 30 can be found on International Tax Review's sister publication, China Law & Practice, in both Chinese and English.
The world of tax planning is changing, bringing new risks and challenges for taxpayers. The change may be gradual, but companies should not ignore how significant it is.