Editorial

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Editorial

Welcome to the third edition of China – Looking Ahead, a series of articles published in association with KPMG.

This year's publication continues the previous years' theme of addressing how China is modernising its tax system, even introducing some ideas first seen overseas, while retaining the right to shape it according to its own needs.

The articles start with a look at what the OECD's work on base erosion and profit shifting will mean for China and continue with studies of, for example, transfer pricing, the move to a single VAT system, exit challenges for private-equity investors and the re-emergence of tax incentives through the establishment of the Qianhai Cooperation Zone and the Shanghai Pilot Free Trade Zone. Including the foreword, there are 14 articles. Watch out, in particular, for the focuses on the real estate, transportation and logistics, healthcare & pharmaceuticals and the auto industries.

The more and more you look at China's tax system, you see a regime that is developing quickly, but also one where, like in other places, investors have to stay razor-sharp to be aware of local differences, particularly in how the rules are enforced. This probably applies nowhere else in the same way as it does in China.

We hope these articles will help you when dealing with your tax affairs in China.

Ralph Cunningham

Managing editor

International Tax Review

more across site & shared bottom lb ros

More from across our site

Corporate counsel should combine deep technical knowledge with strategic dynamism, says Agarwal, winner of ITR’s EMEA In-house Indirect Tax Leader of the Year award
Luxembourg’s reform agenda continues at pace in 2025, with targeted measures for start-ups and alternative investment funds
Veteran Elizabeth Arrendale will lead the new advisory practice, which will support clients with M&A tax structuring, post-deal integration, and more
MAP cases keep increasing, and cases closed aren’t keeping pace with the number started, the OECD’s Sriram Govind also told an ITR summit
Nobody likes paperwork or paying money, but the assertion that legal accreditation doesn’t offer value to firms and clients alike is false
Ryan hopes the buyout will help it expand into Asia and the Middle East; in other news, three German finance ministers have called for a suspension of pillar two
SKAT, which was represented by Pinsent Masons, had accused Sanjay Shah and other defendants of fraudulent dividend tax refund claims
TP managers must be able to explain technical issues in simple terms, ITR’s European Transfer Pricing Forum heard
Prudential had challenged HMRC over VAT group relief; in other news, Donald Trump unveiled timber and wood tariffs, and the European Commission published a ViDA implementation strategy
Australia’s CbCR rules have ‘widespread support’ and do not put American companies at a competitive disadvantage, the FACT Coalition said
Gift this article